Taylor will be participating in institutional and individual goalsetting amongst employees. We believe that implementing a regular goalsetting and performance review process, combined with realistic goals for increasing faculty and staff compensation, will make an important difference in elevating the engagement and motivation for Taylor’s talent.
- Launch a regular practice of granting one-time bonuses to all employees when the University achieves institutional goals. [Year 1]
- Create a total compensation strategy that motivates and rewards staff and faculty for their contributions. [Year 1]
- Implement a regular goal setting and performance review process for all employees that ties to annual compensation increases for most employees. [Year 1]
- Raise endowment dollars for endowed faculty positions (exact measures to be presented to the Board in fall of 2022). [Years 1-5]