FY-24-Salary-Analysis

Analysis of FY24 Salary Equity Analysis of Charter School Network

Conlcusion

• Overall, the typical salary at Foundation Academies is $72,875.00.
• School Based staff earn $4,735.0 more than Home Office staff despite working one less month.
• There has been $167,052.22 paid out in coverage pay, 79% of which has been paid to school based staff.
• The typical length of employment at Foundation Academies in 1.93 years, and majority, approximately 38%, of staff have been employed at Foundation Academies has been employed for less than 3 years. Lastly, nearly 1 in 4 staff members are in their first year of employment.

Recommendations

1. Amend compensation policies with the intention to make compensation steps in Home Office equal to that of school based staff.
2. Amend work from home (WFH) policy to make hybrid work standard for Home Office staff.
3. Create an incentive based policy, similar to coverage pay, relevant to job descriptions of Home Office staff.