Howard University Announces Faculty and Staff Pay Raises in the New Year
Written by Howard University Newsroom, Howard University today announced it will spend an additional $17 million in 2022 to increase compensation for faculty and staff. Howard University President Wayne A. I. Frederick said the raises represent a continued focus on supporting Howard’s exceptional employees amid challenging circumstances. During the pandemic, Howard took the necessary steps to avoid group layoffs and furloughs of any of its staff members, and moved $80 million from the endowment in order to fully fund the employee pension plan. Howard also remains committed to providing free health insurance coverage for every staff member who earns less than $35,000 per year. Plus, the University’s endowment and financial posture continues to improve, positioning it to implement this latest round of pay increases. “Many institutions of higher education have yet to implement staff raises since the pandemic,” President Frederick said.