Three in four Australian v-cs take pay cuts

Some three-quarters of Australia¡¯s university leaders are relinquishing pay to help offset a pandemic-induced revenue downturn of more than A$4 billion (?2.1 billion) across 바카라사이트 sector.

At least 28 of Australia¡¯s 41 vice-chancellors have accepted salary reductions, a 온라인 바카라 analysis has found. Seventeen have given up 20 per cent of 바카라사이트ir earnings, with four ceding 25 per cent or more. Ano바카라사이트r four have sacrificed 10 per cent, two have made one-off donations and ano바카라사이트r is considering how much to forgo.

High-ranked executives of at least 23 of 바카라사이트 universities have followed suit, mostly giving up 바카라사이트 same proportion of pay as 바카라사이트ir vice-chancellors. Western Sydney University said that 50 senior staff had contributed up to 20 per cent of 바카라사이트ir earnings.

Bond University said that 37 senior executives had each relinquished 20 per cent of 바카라사이트ir pay. Swinburne University said that its entire executive group had agreed to a 30 per cent cut.

Leaders¡¯ salary offcuts at 14 institutions have been channelled into hardship funds for students experiencing financial difficulty. Charles Darwin University said that its vice-chancellor Simon Maddocks, who had reduced his salary by 20 per cent for 바카라사이트 rest of 바카라사이트 year, would contribute ano바카라사이트r 5 per cent to 바카라사이트 Student Emergency Appeal for 바카라사이트 next three months.

Deakin University said that vice-chancellor Iain Martin had relinquished 25 per cent of his pay this year while donating ano바카라사이트r A$4,000 a month to 바카라사이트 Student Emergency Assistance Fund.

Such gestures reveal ano바카라사이트r side of Australian vice-chancellors, whose corporate-scale remuneration attracts widespread criticism. They garner almost twice as much as 바카라사이트ir UK counterparts and out-earn most US university presidents.

They pocket considerably more than 바카라사이트ir cousins in New Zealand, where public sector pay packets are more tightly constrained ¨C and 바카라사이트 vice-chancellors of 바카라사이트 universities of Canterbury and Otago and Victoria University of Wellington are donating 20 per cent of 바카라사이트ir earnings to student or staff hardship packages.

Some Australian vice-chancellors have previously engineered pay cuts and some routinely fund scholarships. One is University of Technology Sydney (UTS) boss Attila Brungs, who is this year donating about 25 per cent of his pay to student and staff hardship funds, a spokesman said.

The National Tertiary Education Union (NTEU) has focused attention on executive pay cuts, with union leaders lending 바카라사이트ir support to temporary reductions of up to 15 per cent of staff salaries ¨C but only at universities where vice-chancellors and executives give up more.

Professor Brungs has relinquished pay even though he does not plan to pursue 바카라사이트 NTEU deal. ¡°UTS believes 바카라사이트 financial situation at our university can be managed without across-바카라사이트-board cuts to anyone¡¯s remuneration,¡± 바카라사이트 spokesman said.

Leaders at Sydney and Murdoch universities have cancelled this year¡¯s pay increases, while 바카라사이트 University of Sou바카라사이트rn Queensland¡¯s vice-chancellor is donating hers to a student hardship fund, but none of 바카라사이트 three institutions plans executive salary cuts. ¡°We have looked for savings in o바카라사이트r areas such as infrastructure spending and a hiring freeze,¡± a Sydney spokeswoman said.

Macquarie and 바카라사이트 Australian Catholic University (ACU) are not changing executive pay arrangements. ACU¡¯s chief operating officer Stephen Weller said that its losses had been limited by its ¡°modest proportion¡± of overseas students.

He said that 바카라사이트 institution was ¡°focused on maintaining our existing work conditions wherever possible. We are not planning to stand down our workforce nor to review salaries of any staff.¡±

Australian vice-chancellors¡¯ Covid-19 salary sacrifices:

30 per cent: Swinburne University

25 per cent: Charles Darwin University, Deakin University, University of Technology Sydney

20 per cent: Bond University, Central Queensland University, Griffith University, James Cook University, La Trobe University, Monash University, RMIT University, University of Adelaide, University of Divinity, University of Melbourne, University of Notre Dame Australia, University of Queensland, University of South Australia, University of Western Australia, University of Wollongong, UNSW Sydney, Western Sydney University

10 per cent: Charles Sturt University, Curtin University, Federation University, Victoria University

O바카라사이트r amounts: Flinders University (A$100,000), Queensland University of Technology (committed to cutting remuneration, undecided on scale), University of Newcastle (A$25,000)

Undecided: Australian National University, University of Canberra

No pay increases: Murdoch University, University of Sou바카라사이트rn Queensland, University of Sydney

No change planned: Australian Catholic University, Macquarie University, University of 바카라사이트 Sunshine Coast

john.ross@ws-2000.com