Do you know whether your institution's salaries are commensurate with those at peer institutions?
Blue Avocado has published a short primer on salary analysis. Read the article here.
Even though the article is short, it's wide-ranging. It starts by explaining how to chart salary ranges within an organization or institution. Next, the article shows how to add benchmark salaries to the existing salary ranges. Finally, it shows two ways to analyze individual salaries.
In order to compare your school to peer institutions, read the newly released 2010-11 data tables from the Association of Theological Schools. Section 3 includes aggregate information about compensation from member schools.
The data tables are an invaluable resource for theological education. Smart boards will become familiar with them and use them to get the hard facts about their own institution's place within the world of theological education.
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