The Office of Financial Planning will administer funding issues with the coordinating points to support granting of awards. I encourage you to read the description carefully. I appreciate the efforts of all who contributed to the development of this program, and particularly to those who helped formulate a simple, streamlined program. Questions may be directed to your Human Resources Consultant. Minimize administrative and recruitment and retention.
Members are committed to an effective, integrated outcome.
This means that each award payments is to be computed and recorded as an expense no later than by the June ledger. The Assistant Vice Chancellor, Human Resources will serve as the plan administrator with responsibility for assuring its timely and accurate coordination and oversight. To be eligible, an employee must have a current performance evaluation on file. Examples of qualifying outcomes include improved customer service, innovative ideas for process simplification, productivity improvements, cost reductions, revenue enhancements, and other measurable performance outcomes. Coordinating points are encouraged to incorporate sufficient flexibility in Individual Performance Award timing to permit managers to reward significant contributions soon after their occurrence.