Abstract: This study explores feasibility of implementing performance-based bonus in private universities and colleges, as long as the performance evaluation criteria used in the implementation of the said reward system of the delivering unit such as the SUCs, there is no doubt that the PUCs can also be qualified in receiving the said bonus. Research method used is descriptive-qualitative, Data gathering methods such as researcher- made interview schedule, use of online discussion and argumentations are also employed. The sources of data from several stakeholders which comprised of Administrative Orders, CHED Memorandum Orders, Implementation Guidelines, Discussions and argumentations of teachers both from public and private institutions, revealed that the criteria used in the evaluation of state universities in the implementation of the performance-based bonus in the public universities and colleges can be applied also in the private universities and colleges.
The proposed performance-based bonus schema for the PUCs starts with the initiative of the private universities to have a lawmaker sponsor the said bill. After which the Performance targets should be enrolled and approved by the congress. The Major Final Output (MFO) will be generated depending on the targets set by the agency concerned and finally, the implementation of the said policy can be conceded.
Keywords: Performance-Based Bonus, State University and Colleges (SUC), Private University and Colleges (PUC), Implementing Performance-Based Bonus, Qualitative Research.
Title: Exploring Feasibility of Implementing Performance-Based Bonus in Private Universities and Colleges
Author: RICKY M. FLORES, Ed.D.
International Journal of Interdisciplinary Research and Innovations
ISSN 2348-1218 (print), ISSN 2348-1226 (online)
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