Faculty Incentive Plan
Overview
The Faculty Incentive Plan is a compensation enhancement designed for annually appointed, tenured, and tenure-track faculty members. The Faculty Incentive Plan is conducted in a two-year cycle and has two components, the High Impact Practices Plan ($1,000) and the Professional Development Plan (Level 1 $750 or Level 2 $1,500). Participation in the Faculty Incentive Plan is voluntary and faculty members can choose to participate or not participate in each component.
More details on the Faculty Incentive Plan can be found by logging into MyVC.
To access the Faculty Incentive Plan Tool
- Log into your MyVC account
- Scroll to the TOOLS area on the left side of the screen
- Use the Faculty Services dropdown to click on Faculty Incentive Plan Tool
Starting: July 1, 2023
Faculty Incentive Plan (2023-2025 cycle) begins
Deadline: June 1, 2024
Last day for faculty member to submit the High Impact Practices Plan Proposal and/or Professional Development Plan in the Faculty Incentive Plan Tool.
If the plan is not selected or proposal is not submitted by June 1, the plan selection will default to 'I choose not to participate' and a proposal or plan can no longer be submitted for the current cycle.
Deadline: June 30, 2024
Dean review of High Impact Practice Plan Proposal and/or Professional Development Plan; First year of Faculty Incentive Plan cycle ends
Starting: July 1, 2024
Second year of Faculty Incentive Plan cycle begins
Deadline: June 1, 2025
Last day for faculty member submission of all documentation in the Faculty Incentive Plan Tool
Deadline: June 30, 2025
Dean approval of documentation and authorization of payment for the High Impact Practices Plan; Second year of Faculty Incentive Plan cycle ends
Deadline: First month of the academic year following the completion of the activities
Payment for completion of the Faculty Incentive Plan
We'd like your feedback to help improve the Faculty Incentive Plan Tool. Please click here for our Faculty Incentive Plan Feedback Survey