To provide incentive bonuses and rewards in an effort to recruit, reward, and retain quality employees, the university shall consider providing incentive bonuses to non-bargaining unit faculty and employees.
Types of Bonus Payments
Bonus: A one-time monetary award given to an employee in addition to the employee’s regular compensation.
Educational Incentive Award: To encourage professional development and reward employees who acquire a degree, a professional license, or professional certification from an accredited institution or professional organization.
- Associate Degree $500
- Bachelor’s Degree $1,000
- Master’s Degree $1,500
- Doctoral Degree $2,000
- Apprenticeship $500
- Journeyman $750
- Professional Registration or License $1,000
- Professional Certification $750
Operational Excellence Award: To recognize employees who have demonstrated continuous outstanding performance, have made a significant contribution to the department’s mission, and provided consistent support to the department’s objective.
Project Based Bonus: To recognize an employee upon the successful completion of a special project or assignment of significance that is in addition to the employee’s regularly assigned duties. The amount of the project-based pay may not exceed $10,000 or 10% of the employee’s salary whichever is higher.
Sign-on Bonus: As a recruitment incentive, a sign-on bonus may be awarded to a new, highly qualified employee hired into a position considered critical to the university’s operations and strategic mission and/or deemed difficult to fill.
Spot Award: To provide employees with positive feedback, foster continued improvement and reinforce good observable performance after an event or task has been completed, usually without pre-determined goals or performance levels. Bonus amount may not exceed $2,500 in a 12-month period
Variable Compensation Plan: To reward employees based on a pre-approved plan based on employee’s contributions, departmental objectives, revenues generated, targets achieved, and payout schedules.
For further information on the procedures for each type of bonus payment, please refer to the official university Bonus Policy.