WKU Offers Employee Buyouts to Adjust Operating Budget
Western Kentucky University has announced a program aimed at buying out certain workers who want to end their employment. The goal is to adjust the school’s operating budget.
In an email sent to faculty and staff Wednesday, WKU executives said the Voluntary Separation Incentive Program is to “make appropriate workforce adjustments and create opportunities for organizational renewal and invention.”
WKU leaders said the incentives for separation or retirement are a result of “the COVID-19 pandemic, declining state support, enrollment changes and other evolving dynamics affecting higher education.”
There are specific criteria that include length of service and age. For example, those eligible for the program must have completed at least 15 years of full-time service at the school by June 30.
The application period for the program begins this week and continues through March 15.