UW-Madison will give another round of targeted pay raises to some faculty and staff, the second such effort following an initial rollout of pay bumps in 2012. “The fund will provide targeted pay increases to address equity, retention, market influences and, for classified employees, exceptional performance,” said a memo to employees last week from provost Paul DeLuca and Darrell Bazzell, vice chancellor for finance and administration. “The total amount of money allocated ... correlates to 1 percent of employee payroll. Employees who receive awards will receive at least a 2 percent raise.”
Employees who got a pay raise under the first phase of the “critical compensation fund,” which provided larger bumps of at least 5 percent, are eligible for another raise under this plan. However, no more than half of the new awards are to go to staffers who already benefited.