- The University of Florida will invest a record $40.7 million in faculty and staff raises effective Oct. 1, including a 5% merit raise pool for faculty and 3% for staff.
- UF President Stuart Bell thanked the Board of Trustees and Chairman Mori Hosseini for supporting the raises, which exceed last August's $25 million increase.
The University of Florida will invest a record $40.7 million this year in raises to staff and faculty, according to an email sent on Thursday by new UF President Stuart Bell.
According to the email, UF will provide a 5% merit raise pool for faculty – the largest in the school’s history – and a 3% merit raise pool for staff. The raises will be effective Oct. 1.
The email added that raises for P.K. Yonge Developmental Research School faculty will need to be bargained.
“This decision was made to let you know just how much we value you and all the incredible things you do every day to move the university forward. From our classroom instructors and our researchers in the field to our grounds and maintenance workers, administrators and their assistants, health care professionals, custodial staff and more – each and every one of you plays a vital role in making UF the remarkable place that it is,” Bell said in the email.
UF last approved $25 million in faculty and staff pay raises in August 2023.
“While other colleges and universities are keeping salaries flat, laying people off or even closing their doors, the University of Florida is forging ahead to retain talent and recognize excellence,” Bell, who began his tenure as UF’s 14th president on July 1, said in the email.
Bell added his thanks to the UF Board of Trustees and Chairman Mori Hosseini for approving the raises. “[It’s] their tireless efforts in elevating the university and ensuring we have the resources we need to keep reaching ever greater heights,” he said.