Minimum Salary Increase
Dear Faculty and Staff:
I am pleased to communicate that the Tennessee Board of Regents has approved our request to raise the minimum salary for our regular benefit-eligible positions to $10.10 per hour. The increase will be effective January 10, 2015 and will be reflected on the paycheck of January 30, 2015. Due to this initiative, over 120 of our staff will receive a salary increase.
As I mentioned in my last email, this new minimum represents a 14% increase for some of our lowest paid employees and is over 28% higher than the current federal minimum wage of $7.25 per hour. As a reminder, all employees will continue to receive longevity pay between $300 and $3,000 per year, based on their years of service to the University of Memphis and the State of Tennessee, adding to their overall earnings at the University.
I want to thank you for your hard work and continued commitment to the University of Memphis. Because of all of you, our students receive a quality education in an environment that fosters collaboration and excellence.
I look forward to the exciting opportunities that await us in 2015.
M. David Rudd | President