Insufficient Pay
Currently, as an ASU salaried employee, I can not make enough money to afford to live as a Skilled Professional l barely clear 2K a month post taxes and deductions on a 50K Salary. This is insufficient to afford the current economy's rent, transportation, food, and clothing costs. I hear senior leadership boast about the benefits we get are amazing but they are the bare minimum expected of any organization we need money in hand not on an unused benefit. Government positions traditionally paid about 10k under market rates as ASU employees we are now falling to nearly 20k under standard market rates for my position. With the Proposed tariffs under the new administration costs are expected to rise even more which will drive ASU employees to be unable to afford the cost of living and use government programs that are expected to be cut. What is ASU going to do to make sure its employees can actually afford to live and work?
Resolution/Notes
Thank you for raising this important concern. We understand the challenges posed by rising costs of living and how they impact our employees’ ability to manage expenses. ASU is committed to providing competitive total rewards and continues to evaluate market trends in order to remain competitive in attracting and retaining talented faculty and staff. Most recently, ASU was able to fund a merit program in spite of a significant reduction in state funding for Arizona’s three universities. Looking ahead and coinciding with the introduction of Workday HCM, the Office of Human Resources has developed a staff job framework - commonly called job architecture - that provides consistency and clarity around roles and responsibilities and in doing so, supports employee knowledge and skill development, enhances career pathing/progression, and provides a roadmap for increasing earnings potential. You can learn more about this topic by clicking on https://cfo.asu.edu//career-architecture. We appreciate your comments and input and continue to evaluate and adjust our total rewards based on market dynamics and the needs of our workforce.