A small portion of the MIT annual merit review allocation is assigned to library departments for distribution among eligible staff, in addition to the allocation by central administration. The purpose of this premium is to recognize special achievement in any area of a staff member’s work, local or system wide. Standards by which departments distribute premium funds is determined by the department in consultation with their Associate Director.
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Premium fund dollars per department are calculated on the basis of department headcount. The per capita premium amount is constant across all staff in the salary review; it is not based on the actual salaries in a department.
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Premiums are permanently added to base salaries; they are not one-time bonuses.
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Staff rated EF (Effective) or higher are eligible; staff rated at the IPR level are not eligible.
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Examples of accomplishments which might justify a premium would include (but not be limited to):
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Department heads will determine premium distribution among their staff. Premiums can be distributed in various ways, such as:
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Administrative Services will review premium fund distribution to ensure compliance with compensation policies relative to internal equity and salary range maximums.