The university seeks to retain employees whose performance and skills are critical to the attainment of department and/or university goals. A “competitive offer” situation exists when a department seeks to make a “counter-offer” to an employee who has received an outside offer (from an outside organization or other state agency, not within the University). Department and Sr. Management (Dean / V.P.) of the area should work with their HR representative who will assist in determining if a counter-offer is appropriate and desirable, and the amount of an appropriate counter-offer.
COMPETITIVE OFFERS:
- can be any amount up to the amount of the outside offer
- cannot exceed the outside offer amount
- cannot exceed the maximum of the pay band
- do not count toward the fiscal year limits of IN-BAND ADJUSTMENTS
- do not affect eligibility for the annual review / increase process
- should include documentation from the employee receiving the outside offer such as a copy of the offer letter from the competing employer or a signed statement from the employee indicating the offer amount
- must be submitted and approved on a REPORT OF APPOINTMENT OR CHANGE OF STATUS (P3A).
- must be approved by the Dean / V.P. (or designee) and the Compensation Manager