UT to increase minimum starting pay rate - WSMV News 4

UT to increase minimum starting pay rate

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KNOXVILLE, TN (WSMV) -

The University of Tennessee will increase its minimum starting pay rate for all regular full- and part-time employees effective Wednesday.

The minimum starting pay rate is currently $8.50 an hour. That rate will increase to $9 an hour on Wednesday and $9.50 an hour on June 30, 2014.

According to a press release, UT campuses and institutes are reallocating existing funds to cover initial costs associated with the increase, estimated to total about $273,000.

The increase was recommended by UT's Compensation Advisory Board and will impact about 223 current employees working across the state.

"We're committed as a university system to offering competitive compensation to our diverse and dedicated workforce," said UT President Joe DiPietro in a news release. "With the help of our Compensation Advisory Board, we're making steady progress toward our compensation goals, especially those affecting positions at the lower pay grades, despite limited resources."

The university created its Compensation Advisory Board in 2010 to help guide UT's compensation philosophy, structure and programs, and to create a strategic compensation plan that ensures sustainable growth and competitive advantage.

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