A large university requires each faculty to submit an annual report that includes the average salary of
Question:
A large university requires each faculty to submit an annual report that includes the average salary of teaching staff by rank; by rank and gender; and by rank, gender, and racial diversity.
Required:
A. Identify the GRI Indicator addressed by the university’s required report.
B. Faculty members are paid salaries, although some programs pay supplemental compensation for teaching courses in addition to the regular load. Would the supplemental compensation be included in the GRI Core Indicator measure?
C. This measure may be misleading in the accounting department because salaries for new hires have been inflating rapidly, whereas salaries for those who have been at the university for a number of years have not inflated much because of budget constraints. Explain how this factor might distort measurements in the annual report submitted to the university.
Step by Step Answer:
Cost Management Measuring, Monitoring and Motivating Performance
ISBN: 978-1119185697
3rd Canadian edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook