Can departments establish bonus or incentive plans to pay employees additional compensation for reaching specific goals or objectives?
Yes. The purpose of bonus and incentive plans is to encourage employees to exceed normal job expectations in support of departmental and institutional goals. Bonus and incentive plans follow a formalized program based on predetermined goals or achievements. Bonus and incentive plans require prior review and approval from Human Resources, department administration and the Vice President/Dean. Once the bonus and incentive plans have been finalized, they are administered at the department level. Caution: If a department receives funds from federal grants and contracts, the department must first contact the Governmental Accounting Department at 581-5989 to determine if the department’s funds allow eligibility for a bonus or an incentive program.
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