The Chronicle: If Kent State Beats Goals, Professors Will Profit
The university will offer cash bonuses to professors when institutional goals for fund raising, research dollars, and student retention are met.
Kent State University is trying a new and unusual tactic to improve its status, retention rate, and fund raising—paying cash bonuses to faculty members if the university exceeds its goals in those areas.
The bonuses are built into a contract, approved last month, that covers 864 full-time, tenure-track faculty members who teach and do research on the university’s eight campuses. Proposed by Lester A. Lefton, Kent State’s president, the “success bonus pool” will be divided among faculty members if the Ohio institution improves retention rates for first-year students and increases the research dollars it generates and the private money raised through its foundation.
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