NYC Schools New Deal with their Principals

David Herszenhorn:

The deal would increase base pay by 23 percent, compounded over nearly seven years, and add 15 minutes to principals’ and assistant principals’ workdays. The contract would also revamp how principals are rated on their performance each year, discarding the blunt thumbs-up or thumbs-down system under which they are labeled either satisfactory or unsatisfactory.
It would be replaced by a more nuanced review, aligned to the Education Department’s new accountability system, which grades schools from A to F based on students’ progress.
Starting salaries for assistant principals who work all year rather than just the 10 months that schools are in session would rise to $108,869 from $88,398, and their maximum salary would be $130,100, up from $108,869.
City officials expressed particular pleasure that the contract agreement included incentive provisions that are often opposed by unions. “In the private sector, financial incentives encourage actions that are good for the company,” Mr. Bloomberg said. “And there is no reason we shouldn’t also use financial incentives in the public sector to encourage actions that are good for our schools.”
As part of the deal to end the seniority rights of assistant principals, the city would help find a position for anyone who is left without an assignment. Should an assistant principal still not get an offer from any principal, the city, for the first time, would be able to extend a buyout of up to one year’s pay.
Assistant principals who declined a buyout would be placed in schools where they could be required to teach three periods a day and perform other duties.