University of Iowa News Release
May 6, 2005
New UI Pay Program Will Reward Employee Excellence
The University of Iowa is trying out a new reward program for its Professional and Scientific (P&S) staff. The one-year pilot program will permit departments to reward non-organized P&S staff with a lump sum financial award throughout the year for exceptional performance.
"Research has proven this type of flexible pay program is a win-win for both employees and managers," said Sue Buckley, UI director of human resources. "This type of immediate award for outstanding work has proven to be highly motivating to employees, and managers appreciate having more flexibility in recognizing excellent work." The Board of Regents, State of Iowa, approved the pilot program at its April meeting.
Under the new program, eligible employees may receive up to 10 percent of their base salary in a flexible pay reward during a 12-month period. All regular, non-organized P&S employees who have been in a regular position for six months and who have a current above average performance evaluation on file would be eligible. UI Central Human Resources is now working with each college and division to develop specific guidelines on how the program will be implemented at the local level.
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.