If you can't read this mail, please click here: http://www.ncm2.xyz/bulletin |
No. 12 • 15 March 2004 | |
|
||||||||||||||
![]() |
||||||||||||||
College
issue On the issue of a 20% salary cut, which the staff representatives believed should be reconsidered, the Management explained the percentage was arrived at, based on a financial model used by the Working Group to calculate the College's expected expenditure and income for staff salary between 2004 and 2008. The model took into account a number of assumptions, primarily the income to be generated from self-financing programmes and the actual expenditure -- mainly staff salaries, but it did not, as the staff representatives were led to believe, factor in a 10% sector-wide cut in higher education funding in 2005-08. The Working Group recognized that both income and expenditure may vary significantly over the next four years, but all the available surplus will be left with the New College, with full autonomy to decide on its own financial matters. The Working Group reckoned that with a 20% reduction in salary cost, inclusive of the two rounds of 3% salary cuts in January 2004 and 2005, the University is prepared to absorb the resultant shortfall projected over the next four years. The University, moreover, is committed to paying housing and other fringe benefits of the College staff up to 2008. All these commitments, including a guarantee of employment in the transitional period, will add up to a substantial amount, which, in essence, represents a collective compensation package for affected College staff. On the issue of income from the Telford operation, which some staff representatives said was omitted from the calculations and should help contribute towards the new College's overall financial well-being, the understanding was that the exact cost and revenue from Telford are yet to be determined. Any surplus from the Telford operation, past and future, however, will go into the reserve of the new College, and not ploughed back to the University, in order to provide a firmer financial footing for the new operation. The Working Group recommends that, provided that the new College is successful, its management can review the staff salary in 2006, and may decide to reward staff with bonuses based on performance. Instead of "divvying it up now" for individual staff members, the new College will need a reserve when its operation begins on 1 July 2004. The reserve will be used to meet emerging needs, for example, replacing staff who are planning to leave, or hiring new academic staff to meet growth in self-financing programmes. Prof Tong also told the staff representatives that Prof H K Chang, President, after the Council's approval of the Working Group report, wrote again to the UGC for help in staff compensation.
|
||||||||||||||
![]() |
||||||||||||||
ADP
2005-08
|
||||||||||||||
![]() |
||||||||||||||
20th
Anniversary
More celebration activities are on the way.
|
||||||||||||||
![]() |
||||||||||||||
Visit
of Shimon Peres
|
||||||||||||||
![]() |
||||||||||||||
CityU
Today magazine
|
||||||||||||||
![]() |
||||||||||||||
Back to Bulletin archive | ||||||||||||||
![]() |
![]() |
博彩百家乐官网在线| 全景网百家乐官网的玩法技巧和规则 | 金尊娱乐| 大都会百家乐官网的玩法技巧和规则| 娱乐城送注册金| 百家乐投注心得和技巧| 任我赢百家乐官网自动投注系统 | 神人百家乐赌博| 大发888娱乐送体验金| 百家乐官网赌场| 百胜百家乐官网软件| 大发888挖掘| 缅甸百家乐官网赌场| 百家乐官网无敌直缆| 青岛棋牌英雄| 百家乐网站程序| 通辽市| 大发888线上娱乐百家乐| 澳门百家乐投注法| 百家乐官网筹码方形筹码| 假日国际娱乐城| 大发888赌场 游戏平台| 可信百家乐的玩法技巧和规则| 大发888网页版官网| 星期八百家乐的玩法技巧和规则| 利高百家乐现金网| 基础百家乐官网规则| 赌百家乐官网的方法| 最新六合彩开奖结果| 巴厘岛百家乐的玩法技巧和规则| 百家乐官网技巧看路| 百家乐官网在线直播| 皇冠即时走地| 大发888更名网址6222| 金世豪百家乐的玩法技巧和规则 | 机器百家乐官网心得| 88娱乐城2官方网站| 五张百家乐的玩法技巧和规则 | 百家乐官网庄闲客户端| 鞍山市| 洛隆县|