Compensations

  • The compensation part of the total salary package of an employee at LUMS consists of gross salary and various allowances such as house rent allowance, conveyance allowance and utility allowance
  • LUMS offers attractive remuneration packages that are competitive with the local market and comparable to that of educational institutes abroad
  • Since LUMS is an institution recognized by Higher Education Commission of Pakistan (HEC) as a non-profit educational institution, the faculty receives 75 percent income tax rebate as per the Government's regulations

Benefits

LUMS offers generous benefits and perks to academic staff members which include the following:-

  • Liberal paid time off which includes, annual leave, sick leave, maternity leave and study/PhD leave
  • Full-time faculty members (Assistant Professor and above) are entitled to a one-year sabbatical leave, with full salary, after every six years of continuous service with LUMS. The primary purpose of the sabbatical leave is the professional and scholarly advancement of faculty members
  • Medical allowance with an option of health insurance
  • Group life insurance
  • All permanent employees are eligible to become members of the LUMS Employees Contributory Provident Fund Scheme. An employee and the University each make an equal monthly contribution at the rate of 10 percent of basic salary towards this fund
  • On a space availability basis, faculty members have the opportunity to live in the clean, pollution free and safe on-campus accommodation
  • Various research awards are given to acknowledge scholarly achievements of faculty members
  • Teaching at Rausing Executive Development Centre (REDC), not only provides faculty members with a challenging and exciting opportunity to train executives from various leading organizations but also serves as an additional source of income
  • Faculty members are also entitled to provide consulting services to the industry
  • Daycare facility is also available on campus
  • LUMS community can avail discounts at various dine in and shopping outlets which are on the LUMS discount panel
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