Financial Update
Queen's UniversityStaff take voluntary salary freeze
July 17, 2009
In support of the University's efforts to slow the growth of the compensation budget all 11 staff members in a group earning more than $150,000 a year have agreed to a voluntary salary freeze for the 2009-2010 fiscal year. This is in line with a voluntary salary freeze announced this spring for the Principal, Vice-Principals and Deans.
The University continues to look for creative solutions to slow the growth of the compensation budget as part of a strategy to reduce an estimated $8.4 million dollar operating deficit that is projected to be even higher over the next two years.
Like most other universities in Canada, we're facing serious financial challenges. We need to continue working together as a community to find fair and balanced ways to reduce costs while maintaining excellence in teaching, research and student services.
Rod Morrison
Vice-Principal (Human Resources)