Calculating Your True Administrative Compensation
What benefits do you receive for your administrative work that you would lose if you returned to a faculty position? The answer to this question is not as easy to find as it may initially appear. To begin with, there are many different kinds of intangible benefits, such as the satisfaction you might gain from helping to shape the future of a program or the prestige you might receive from being granted an impressive title. Benefits of this sort may attract people to leadership roles (or at least make them hesitant to surrender their positions) even though they’re not easily described or measured. Second, there are a number of nonmonetary but extremely attractive advantages, such as reduced teaching loads or multiple-year contracts, which matter to some administrators more than salary alone. And third, even the concrete benefits received by administrators can vary quite widely from one institution to the next.