OSU details plan for its new hires

2010-05-15T01:30:00Z OSU details plan for its new hiresBy Cheryl Hatch, Gazette-Times reporter Corvallis Gazette Times

Oregon State University officials on Friday clarified plans for funding 25 to 30 new faculty hires in priority areas over the next year.

OSU will spend $3.5 million on salaries and benefits for the new faculty positions. The money for the faculty salaries is coming from a windfall in tuition revenue and money from general revenue, said Todd Simmons, director of OSU News & Communications Services.

Simmons said that $2 million of the $3.5 million will come from money that the university had been setting aside each year for five years to fund work on its strategic initiatives. The remaining $1.5 million will come from money generated by increased enrollment at OSU from out-of-state and INTO OSU (international) students.

OSU Provost Sabah Randhawa announced the plans for additional faculty members at a meeting of the Faculty Senate on Thursday.

At that meeting, Randhawa also announced plans to spend $10 million to $15 million on a variety of projects around campus, but money for those projects will come from a separate funding source, the university's estimated total fund balance.

OSU has an estimated total fund balance of $40 million to $45 million, officials said. OSU will leave about $30 million to $35 million of that money in reserve, but that leaves the remainder to be spent on the projects.

Randhawa announced $5 million to $6 million for classroom renovations, $1.5 million to $2 million for research space and equipment, $1 million to $1.5 million for Americans with Disabilities Act projects, $1.5 million for information technology infrastructure, and $2 million to $2.5 million for software.

Randhawa also unveiled another program at the Faculty Senate meeting on Thursday: A $1 million endowment program designed to retain the university's best faculty by paying them more competitive salaries.

The average salary of a full professor at public doctoral universities for 2009-10 is $116,750, according to figures compiled by the American Association of University Professors. At OSU, full professors earn an average salary of $93,900, Simmons said. A statement in Friday's Gazette-Times that full professors at OSU earn an average salary of $130,000 was incorrect, OSU officials said.

Copyright 2016 Corvallis Gazette Times. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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