Saturday, January 17, 2015

Edison's Board of Mythomania grants Super O'Malley a Merit Bonus on top of their 'Safe Haven' Contract!

You know, I'm all for merit bonuses (if done correctly) but what happens when you fail to achieve the majority of the merit criteria established?

For the 2013-14 school year, Super Dr. Richard 'Looking for the Exit Ramp' O'Malley received a merit bonus of $1,092.42. Now, let's look at that for a moment. According to his contract, he was eligible for a max bonus of 2%, which on his base salary at the time of $218,484.00 - amounts to max bonus of $4,368.68.

The Board of Mythomania set 4 goals with 21 action items for Dr. O'Malley to achieve to earn that max bonus of $4,368.68.

So, what happened then if he only earned $1,092.42 or 25% out of a possible max bonus of $4,368.68? Seems Dr. O'Malley fell a tad bit short on achieving the board's goals established in his merit criteria.

Out of the 21 action items established in the Board's 4 Goals, he only achieved 4 action items. Probably most disconcerting to me is the failure to achieve improvement in the 3rd and 7th grade NJ ASK scores where he only achieved 2 of the 12 action items and failing to increase engagement with the public in all 5 action items.

What's the Board to do with a Super who fails to achieve 75% of their Goals? Wait, I know, give him a new contract.

Here's the analysis of his bonus:
But wait, it gets better if you don't live in the world of Mythomania. Under his new contract (you can see the contract in a previous post), he becomes eligible for a max merit bonus of 8% for the 2014-15 school year. Under that new contract, his salary is traded off with increased bonuses (you can see the effect of that too in a previous post).

For the 2014-15 school year, the Board established 3 Merit Goal Criteria worth $14,630 or 7% on his salary of $209,000. That's 2 quantitative goals worth $9,405 and 1 qualitative goal worth $5,225 both with various action items.

Here's the 2014-15 Merit Bonus Criteria:

Anyhoo, you really have to shake your head at what goes on over there on Mythomania Lane.

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