New programs address compensation issues
UW-Madison is launching compensation programs for faculty and staff to recognize outstanding performance, address market issues with peer institutions, and alleviate inequities, administrators announced today.
For 2016-17, UW-Madison is implementing three funding initiatives:
- A block grant for faculty and academic staff in nationally competitive markets, in the categories of performance, market, and equity (similar to last year’s initiative)
- A discretionary compensation fund (DCF) for academic and university staff in the categories of performance, market, and equity (similar to last year’s initiative)
- A performance bonus fund for faculty and staff for exceptional performance (new pilot initiative)
Contact your Human Resources Representative for more information.