bonuses are awarded as one-time lump sums. they do not ...€¦ · • spot award o a bonus awarded...
Post on 22-Aug-2020
0 Views
Preview:
TRANSCRIPT
Position & Suffix: Transaction #:
1
Bonus Request
Bonuses are awarded as one-time lump sums. They do not replace an equity request.
Employee Information
Full Name: USNH ID#: Last First M.I.
Home Department:
Home Department Name Supervisor Name
Current Information:
Status Adjunct Student Classification Title (or Working Title if adjunct/student) FTE Current Salary/Hourly Rate
Bonus Request Information
Bonus Type: Bonus Amount::
Refer to the reverse for definitions of the different
types of awards, as well as guidelines on amounts.
Performance Bonus
Spot Award Recognition Award
Dollar Value % of Base
Home Department:
Supervisor Signature Date
Reviewed by Business Service Center:
BSC Director Printed Name BSC Director Signature Date Dean, Director, Provost, or Vice President:
RC Unit Printed Name RC Unit Signature Date
Approval Compensation:
Compensation Printed Name Compensation Signature Date
Revised 5/1/2019 2
Policy Quick Facts
Full policy documents can be found at: https://www.unh.edu/hr/compensation
• Performance Bonuso Based on work performance after the work has been done. Used when work completed is above
and beyond goals and expectations.o Different from merit, which is an increase to base salary. Performance bonuses should not be
awarded on the basis of merit or metrics (which would be an incentive bonus).o Is considered benefit-eligible pay (i.e., retirement contributions will be deducted).
• Spot Awardo A bonus awarded to promote productivity and to provide immediate and visible recognition of
employees who have accomplished extraordinary achievement(s) within the workplace.o Is not considered benefit-eligible pay (i.e., retirement contributions will not be deducted).o Is a pre-determined amount ($250, $500, or $750). The max is $750.
• Recognition Awardo A bonus awarded for distinguished faculty, presidential awards, or other recognition awards.o Is not considered benefit-eligible pay (i.e., retirement contributions will not be deducted).
Process Flowchart
Home Department
• Submits this formto explain why thebonus is beingrequested,attaching anydocumentationsupporting therequest.
• Forwards to BSC.
BSC
• Reviews request,verifies compliancewith budget, andsigns form.
• Forwards to RCUnit.
RC Unit
• The dean, director,provost, or VPreviews proposedbonus and signsform if inagreement.
• Forwards toCompensation.
Compensation
• Provides final approval or denial of the bonus and determines actual bonus amount.
• If approved, enters information into Banner.
top related