The N.C. General Assembly granted $5 million for a systemwide raise in the 2014-15 state budget, which Gov. Pat McCrory signed Aug. 7.
The UNC Board of Governors’ budget and finance committee on Wednesday voted to approve suggested allocations of that state money to individual campuses.
It’s not yet clear how much of a raise faculty members will receive — further details will be determined at the board’s September meeting.
Faculty retention at many system campuses, including UNC-CH, has been hampered in part by the lack of salary raises.
Enticing research opportunities at UNC-CH’s peer institutions has lured some faculty elsewhere — and the state budget also granted $3 million to a game-changing research fund that would invest in systemwide research in fields like manufacturing and energy.
Michael Vollmer, an assistant vice president for finance, said the funding for the faculty raise represents a small chunk of the billion-dollar systemwide payroll, but he said any state-supported hike in salary is positive.
Under the proposed campus distribution, UNC-CH would receive a little more than $1 million for faculty pay hikes, divided among the College of Arts and Sciences and professional schools, UNC Hospitals and area health education centers.
All UNC-system employees who are not faculty or senior administrators are receiving a $1,000 raise.