Market Based Salaries under HEC’s Tenure Track System Allowed

 

 

 

Islamabad: 2nd, March, 2007

 

The Government of Pakistan has allowed market based allowances to be given to faculty members working under Higher Education Commission’s newly introduced Tenure Track System with the additional funding being provided by the universities from their own earnings.

 

The Higher Education Commission (HEC) has introduced the performance based Tenure Track System which offers high salaries for PhD faculty members of public sector universities of the country. A meeting between Prof. Dr. Atta-ur-Rahman, Federal Minister, FRS, Chairman Higher Education Commission and Adviser to the Prime Minister for Science and Technology, Dr. Salman Shah, Adviser to Prime Minister on Finance and Federal Secretary Finance held recently decided that the universities may supplement the salaries being given under the Tenure Track System through special market-based allowances in order to bring them in line with the prevailing market demands. It was further agreed in the meeting that such additional funds will be given by the universities through their own resources without any involvement of government funding.

 

This step will help the universities to attract highly qualified professionals in several fields by offering higher salaries. The amount of the allowances to be offered will depend on the professional qualifications of faculty members and the prevailing salaries for such professionals in the private sector. These will be fixed by the University Selection Boards after strict peer review and purely on merit.