Your commitment to BGSU, and your numerous efforts made on behalf of the institution have earned us the appreciation of, and recognition by our internal and external constituents. It is your diligence that has brought us closer to achieving our vision of becoming the premier learning community in Ohio and one of the best in the nation. But in order to attract and retain premier faculty and staff, we need to compensate them accordingly. The priority of faculty and staff compensation is reflective of our institutional commitment to recruit and maintain the faculty and staff who each day put forth their best efforts on behalf of the University, its mission and its students. The importance of focusing on faculty and staff compensation is visible in linking rewards and appreciation to standards of excellence.
Rewards are essential to sustaining people's commitment to their organization.
This year's enrollment success has enabled us to recognize the efforts of our faculty and staff and begin the process of rewarding, putting together a comprehensive compensation plan that will allow us to be competitive in all employee classifications. I just recently have received final reports from all three groups. This month, after analyzing all information collected and options proposed, I will assemble my final report, disseminate it to the leadership of the three constituent groups, and finally put forth the final compensation plan to the Board of Trustees for their consideration and approval at their late June meeting. The overall plan will include recommendations that will bring all employee groups into competitive compensation positioning within 5-7 years, a goal to which I remain personally committed. I thank you for your continued efforts on behalf of the University.