Employee bonus plans in the works
By Matt Kelly
will now have more options to acknowledge noteworthy employees.
University has adopted a new plan to reward employees for their
workplace contributions, outside the annual review system. The
policy presents a framework of nine categories, such as public
service, customer service, attendance, improved sales, outstanding
performance and worthwhile suggestions. Most of these are broken
into three tiers of rewards, with the first level stopping at
$250 and the third level at $1,000. The plan, which went into
effect on July 1, also carries awards of up to five days
E. Gausvik, chief human resource officer, said the genesis of
the plan came from state guidelines as part of the new compensation
program approved last year.
starting with these categories we tried to cover all areas of
recognition, he said.
said departments would have to determine what reward categories
would be practical and comfortable for them.
department is free to implement only the parts that work for them,
Gausvik said. If you only have six people in a department,
you are not going to have employee of the month.
Departments have to allocate the award money from their own budgets.
The awards are subject to taxes and considered a one-time bonus
not counted toward base pay.
are working now on selecting categories and crafting their guidelines,
which are due Oct. 1, Gausvik said. Vice presidents have the final
approval on the rewards plans, though Human
Resources will review all proposals to be sure they conform
with state regulations.
new policy should answer complaints from managers that they did
not have enough leeway to reward employees for outstanding performances,
department can decide on rewards based on its core values, budget