The 2021-22 fiscal year, which is from\u00a0July 1, 2021 \u2013 June 30, 2022,\u00a0marks 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.<\/p>\n
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.\u00a0Moving forward, the annual faculty\u00a0review cycle will include\u00a0the fall semester, spring semester, and summer semester.\u00a0Staff performance cycles will align with the fiscal year, from July 1 \u2013 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.<\/p>\n
For January 2022, CU Denver\u00a0didn\u2019t meet revenue thresholds that would have triggered automatic compensation increases.<\/p>\n
However, to recognize the efforts of faculty and staff over the past year and a half, the Regents, with full support from\u00a0campus leaders,\u00a0approved a compensation plan<\/a>\u00a0that includes a 3% base-building salary increase and a one-time payment equal to 1% of an employee\u2019s annual salary for all eligible faculty and university staff.\u00a0The 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\u00a0paychecks.<\/p>\n