KENTUCKY STATE UNIVERSITY BOARD OF REGENTS AGENDA ITEM BACKGROUND

B6

To: Board of Regents Finance and Business Committee Date: October 28, 2011

From: Alice B. Johnson Vice President for Finance and Business Affairs

Subject: Human Resources Update

Reason for Consideration: Informational Item Enclosures: No

Background:

Human Resource Services has initiated and implemented several significant projects for the University as described below:

1. The 2011 performance evaluations with a due date of July 31, 2011 were requested and collected.
2. A modified 457(b) plan document was finalized and submitted to all carriers.
3. Preparation for the 1% lump-sum payment to eligible employees was completed and the payment processed in the October 14, 2011 pay check.
4. Preparations for the 2% general increase to be effective December 1, 2011 commenced. This will be the first use of the salary mass update functionality in Banner.
5. A thorough review of the employee benefits package will be completed prior to the start of next fiscal year's budget planning cycle.

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