FY2020 Compensation Program
WATCH THE FY2020 COMPENSATION PROGRAM CAMPUS CONVERSATION
As a part of our continuing efforts to recognize, reward and retain top talent, West Virginia University rolled out its FY2020 Compensation Program in mid-January.
Similar to recent retention salary programs at the University, the FY2020 program will include retention increases for selected faculty, FE/AP, non classified and classified staff. The objectives of this program are to provide targeted adjustments aimed at:
- Retaining high-performing employees, difficult-to-fill positions or employees who ensure academic and/or business continuity; and
- Continuing to bring employees who are paid below 90% of market value closer to their market pay rate.
Financial resources for the program will be limited. Therefore, retention increases will be at the discretion of the dean or vice president for each college or unit based on available funds and the program guidelines.
|Friday, Jan. 17||Deans and vice presidents were provided salary planning worksheets for their area.|
|Friday, Feb. 7||Worksheets for all areas to be finalized and submitted for approval.|
|Sunday, Feb. 16||Any salary increases as part of the FY2020 program will become effective.|
|Monday, Feb. 17||Leaders will begin communicating salary increases to selected employees.|
|Friday, March 13||Any salary increases will be reflected on a selected employee’s paycheck.|