Common use of EQUITY ADJUSTMENTS Clause in Contracts

EQUITY ADJUSTMENTS. An equity adjustment is a special salary action to correct an inequity that cannot be corrected within the normal salary guidelines. This adjustment is used to react to sudden shifts in the competitive market where the hiring rate of a new candidate may cause an internal inequity. Consequently, an adjustment may be applied to individual bargaining unit members or a specific classification affected by the inequity. The University shall provide the SEIU District 1199 Executive Board Member/Chair or designee with supporting documentation prior to the effective date of the equity adjustments. The award (and amount) of any equity adjustments shall be at the discretion of administration and shall not be grievable.

Appears in 6 contracts

Samples: Agreement Between Cleveland, Agreement Between Cleveland, Agreement Between Cleveland

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