The University of Missouri Salary Report 2024 provides a comprehensive analysis of employee compensation, detailing average and median salaries, and workforce demographics for 2024.
1.1 Overview of the Report and Its Significance
The University of Missouri Salary Report 2024 offers insights into employee compensation trends, providing transparency and accountability. It covers 18,746 employees across campuses, detailing average and median salaries. The report is essential for understanding pay equity, budget planning, and workforce management. Compiled by the Office of Human Resources, it ensures compliance with financial reporting standards and aids decision-making for stakeholders. This document is a vital resource for analyzing compensation structures and their implications for institutional growth and employee satisfaction.
1.2 Key Highlights of the 2024 Salary Data
The 2024 salary data reveals an average annual salary of $77,735 and a median salary of $59,725 for University of Missouri employees. Full-time employees numbered 8,851, while part-time staff totaled 9,895. The report also highlights salary variations across departments, with notable figures in the athletic department. These insights provide a clear picture of compensation trends, aiding in understanding pay structures and equity across the institution. This data is crucial for benchmarking and future financial planning.
Employee Demographics and Salary Statistics
The University of Missouri employed 18,746 individuals in 2024, with 8,851 full-time and 9,895 part-time staff, reflecting diverse roles and compensation levels across the institution.
2.1 Total Number of Employees in 2024
In 2024, the University of Missouri employed a total of 18,746 individuals, comprising both full-time and part-time staff. This figure reflects a diverse workforce across various departments and roles within the institution. The employee count includes academic, administrative, and support staff, highlighting the university’s extensive operational scope. This data provides a foundational understanding of the university’s workforce composition, essential for analyzing salary trends and demographic distributions in subsequent sections of the report.
2.2 Full-Time vs. Part-Time Employee Breakdown
In 2024, the University of Missouri reported 8,851 full-time employees, with the remaining staff classified as part-time. This distribution highlights the balance between full-time and part-time roles, reflecting operational needs and resource allocation. The breakdown is crucial for understanding compensation structures, as full-time employees typically receive benefits and higher pay compared to part-time workers; This data provides insight into the university’s workforce management and its impact on overall employee compensation and institutional operations.
2.3 Average and Median Salaries for 2024
The University of Missouri reported an average annual salary of $77,735 for 2024, with a median salary of $59,725. These figures provide insight into the distribution of compensation across all employees. The average salary reflects overall pay scales, while the median offers a clearer picture of typical earnings, accounting for variations in higher and lower pay brackets. This data highlights the university’s commitment to competitive compensation, ensuring equitable pay structures across its workforce.
Salary Structure and Job Classification
The University of Missouri’s salary structure is organized by job classifications, with roles ranging from administrative to academic positions, influencing compensation levels across departments.
3.1 Explanation of Job Structures and Career Progression
The University of Missouri’s job structure categorizes roles into distinct classifications, such as administrative, academic, and support staff, each with defined career progression pathways. Employees can advance through merit-based promotions, with salaries increasing in accordance with experience and performance. The system ensures transparency in career growth, offering opportunities for professional development and specialization. This structured approach supports employee retention and satisfaction by aligning roles with organizational goals and individual aspirations.
3.2 Salary Variations Across Departments
Salaries at the University of Missouri vary significantly across departments, reflecting differences in roles, qualifications, and budget allocations. For instance, administrative roles may offer higher compensation compared to academic or support staff positions. Departments like the Missouri Review and MO-AES show distinct salary ranges, with figures such as $56,599 and $47,617 reported. These variations highlight the diversity in departmental functions and funding sources, influencing compensation structures. The Office of Human Resources plays a key role in managing these disparities to ensure equitable pay practices across the university.
3.3 Impact of Full-Time/Part-Time Status on Compensation
Full-time employees at the University of Missouri generally receive higher salaries and additional benefits compared to part-time staff. According to the 2024 report, full-time employees numbered 8,851, while part-time roles were less detailed. The distinction in compensation reflects the university’s commitment to supporting full-time staff with comprehensive benefits, whereas part-time positions often focus on hourly or contractual pay without added perks. This structure aligns with common practices across educational institutions, emphasizing job security and stability for full-time workers.
University of Missouri System Office of Human Resources
The University of Missouri System Office of Human Resources compiles salary reports, providing historical data from 2013/2014 to 2024 and supporting data-driven compensation decisions.
4.1 Role in Compiling the Salary Report
The University of Missouri System Office of Human Resources plays a crucial role in compiling the salary report by collecting and analyzing data from all campuses, ensuring accuracy and transparency. They provide detailed compensation insights, including full-time and part-time employee breakdowns, salary structures, and historical trends from 2013/2014 to present. This data supports informed decision-making and equitable compensation practices across the university system, aligning with strategic goals and fostering employee satisfaction.
4.2 Historical Data and Trends from 2013/2014 to Present
Historical data from 2013/2014 to 2024 reveals trends in employee salaries, with the University of Missouri System Office of Human Resources tracking changes in compensation. Over the years, there has been a steady increase in average salaries, reflecting economic adjustments and university growth. The reports also show shifts in full-time and part-time employment ratios, providing insights into workforce dynamics. These trends help identify patterns and inform future salary structures, ensuring alignment with institutional goals and market standards.
University of Missouri-St. Louis (UMSL) Salary Data
UMSL’s 2024 salary report provides detailed insights into employee compensation, including average and median salaries, reflecting the university’s commitment to transparency and equitable pay structures.
5.1 Detailed Employee Salary Report for UMSL in 2024
The UMSL 2024 salary report offers a detailed breakdown of employee compensation, highlighting average annual salaries of $77,735 and median salaries of $59,725. Full-time employees numbered 523, reflecting a structured workforce. The report emphasizes transparency, providing insights into salary distributions across various departments. It serves as a valuable resource for understanding compensation trends and equitable pay practices within the university. This data supports informed decision-making for employees and administrators alike, ensuring alignment with institutional goals and fiscal responsibilities.
5.2 Accessing the Full PDF Report
The complete University of Missouri-St. Louis 2024 salary report is available as a downloadable PDF, totaling 1.3 MB. Accessible through official university channels, the document provides detailed salary data, employee demographics, and compensation insights. Users can navigate to the UMSL Human Resources or official publications section to retrieve the report. This resource ensures transparency, offering comprehensive information for faculty, staff, and public review. It is a vital tool for understanding the university’s compensation structure and trends in 2024.
Athletic Department Finances and Salary Insights
The University of Missouri’s athletic department reported a $15.2 million deficit in 2024, with salary contributions significantly impacting the budget, according to NCAA financial reports.
6.1 Reported Deficit and Its Implications
The University of Missouri’s athletic department faced a $15.2 million deficit in 2024, as detailed in the NCAA Membership Financial Reporting. This shortfall highlights financial strain, potentially leading to budget cuts or reallocation of resources. Salary expenses, a significant portion of the athletic budget, may necessitate adjustments to maintain financial stability. The deficit underscores challenges in balancing athletic program costs with revenue generation, impacting future spending and strategic planning for the department.
6.2 Salary Contributions to the Athletic Department’s Budget
Salaries significantly impact the University of Missouri’s athletic department budget, with salary contributions being a major expense. Data shows figures like $40,087.46 for roles in 2023, indicating the substantial allocation toward personnel costs. Despite the athletic department’s budget pressures, competitive compensation is crucial for retaining talent; However, these expenses contribute to the $15.2 million deficit, highlighting the need for strategic financial adjustments to balance salary expenditures with overall budget constraints.
The University of Missouri Salary Report 2024 highlights key trends in compensation, emphasizing transparency and equity. Recommendations include aligning salaries with market rates and ensuring sustainable budget practices.
7.1 Summary of Key Findings
The University of Missouri Salary Report 2024 reveals a total of 18,746 employees, with an average annual salary of $77,735 and a median salary of $59,725. Full-time employees numbered 8,851, while part-time roles were also significant. The report highlights a gender pay gap and departmental salary variations. Key departments, such as administration and athletics, showed higher compensation levels. The athletic department reported a $15.2 million deficit, impacting budget allocations. These findings underscore the need for equitable pay structures and fiscal planning to ensure long-term financial stability for the university.
7.2 Potential Implications for Future Salary Structures
The findings suggest a need for equitable pay adjustments to address the gender pay gap and departmental disparities. Standardizing salaries across departments could enhance fairness. The athletic department’s deficit highlights the need for cost management and sustainable budgeting. Future salary structures may prioritize transparency, merit-based increases, and market competitiveness. Balancing full-time and part-time roles could improve workforce flexibility. These changes aim to ensure financial stability while maintaining employee satisfaction and attracting top talent.