Moderating year-to-year swings in ratings

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In the next 48hours, Foreman need to come up with a recommendation on the two merit pay options and defend it. He began to put together a worksheet that combined this data with the information from the faculty roster and he entered the salaries of his faculty, including the 2% across the board raise to be paid beginning in July. He also entered the performance evaluation ratings for each faculty member for the previous 2 years and the current year (Eval #3), since the college used the average rating of the last three years (or fewer for recently added faculty) as the basis for awarding merit pay. The college committee which developed the system had recommended the three-year average as a way of moderating year-to-year swings in ratings. So what and how would he come up with a recommendation merit pay option.

Reference no: EM132407953

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