The 2021-22 fiscal year, which is from July 1, 2021 – June 30, 2022, marks the beginning of a new merit pool and performance cycle timeline for CU Denver faculty and staff, as approved by the University of Colorado Board of Regents in November. Moving forward, merit pool increases will go into effect on Jan. 1 instead of the historical date of July 1. This timeline shift will allow decisions on merit pool increases to be made once the fall enrollment census has occurred and the campus has a more accurate picture of its revenue outlook for the upcoming year.
This year marks a transition year for faculty performance cycles, meaning CU Denver faculty will have an 18-month evaluation cycle running from Jan. 1, 2021 to the end of summer 2022. Moving forward, the annual faculty review cycle will include the fall semester, spring semester, and summer semester. Staff performance cycles will align with the fiscal year, from July 1 – June 30. For faculty and staff, review cycles will be followed by a review period in the fall and merit pool salary increases will go into effect Jan. 1 of the following year, subject to the Board of Regents approval.
For January 2022, CU Denver didn’t meet revenue thresholds that would have triggered automatic compensation increases.
However, to recognize the efforts of faculty and staff over the past year and a half, the Regents, with full support from campus leaders, approved a compensation plan that includes a 3% base-building salary increase and a one-time payment equal to 1% of an employee’s annual salary for all eligible faculty and university staff. The 3% base-building salary increase will be applied across the board effective Jan. 1, 2022. The 1% one-time payment will be made in the January 2022 paychecks.
More details regarding compensation eligibility can be found on this FAQ page.