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The Daily Cardinal Est. 1892
Friday, September 20, 2024

UW officials communicate Critical Compensation Fund guidelines

In a Nov. 12 memo, Provost Paul DeLuca and Vice Chancellor Darrell Bazzell described the guidelines for a fund created to rectify salaries below national averages.

The Critical Compensation Fund was instituted for the second year and makes up 1 percent of payroll finances.

For most staff and faculty, pay raises will not be based on merit but on meeting market value for salaries, retaining employees and maintaining pay equity with peers, according to the criteria. However, pay bumps for “classified staff,” such as custodians, will consider merit.

Departments must submit candidates for raises by March 31, 2014, with raises available as soon as the next pay period after Human Resources receives the recommendation.

The CCF was renewed in the wake of a state Legislature decision delaying a human resources plan that would have given the university more flexibility in compensating employees.

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