IN-RANGE SALARY PROGRESSION Sample Clauses

IN-RANGE SALARY PROGRESSION. 4.1 Merit/Progression Increases 6 5. PROMOTIONS PROCESS 6 5.1 Promotions To CSE 2, 3, & 4 7 5.2 Promotions To CSE 5 & 6 7 FIGURE 1: CSE 5 & 6 Promotion Process 9 APPENDIX A: Level Descriptors 10 APPENDIX B: Criteria For Promotion To CSE 5 & 6 16 APPENDIX C: Sample Promotion Case (CSE 5 & 6 Only) 17 CSE Compensation System Page 2
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IN-RANGE SALARY PROGRESSION. 4.1 Merit/Progression Increases M erit pay results in an employee's salary progressing through a given salary range. When an employee's contribution and performance is consistent with the relevant level descriptor, their salary can advance through a merit increase up to the top of their salary range. The size of the increase is determined using a Performance Pay Grid which provides guideline increases for each performance level and salary grade. The Performance Pay Grid is available in the XXX as well as in the collective agreement. In the unusual situation where an employees performance is more consistent with a lower level descriptor, no merit or progressional increase would be awarded. The budget for each salary review is based on the statistical distribution of performance for the general population as specified in the Collective Agreement and on the rate of progression through the ranges necessary to maintain competitive salaries.
IN-RANGE SALARY PROGRESSION. 4.1 Merit/Progression Increases 6 5. PROMOTIONS PROCESS 6 5.1 Promotions To CSE 2, 3, & 4 7 5.2 Promotions To CSE 5 & 6 7 FIGURE 1: CSE 5 & 6 Promotion Process 9 APPENDIX A: Level Descriptors 10 APPENDIX B: Criteria For Promotion To CSE 5 & 6 16 APPENDIX C: Sample Promotion Case (CSE 5 & 6 Only) 17 CSE Compensation System Page 2 1. INTRODUCTION I n the interests of good communication, this document was prepared by an CNL-CRPEG3 team to provide specific information to both management and employees with regard to the career progression compensation system. The salary administration guidelines contained herein apply to employees on the CSE4 salary scale. This document describes the salary administration process in clear and simple terms so that it can be understood and seen as a fair, open, and equitable process. For employees covered under the CNL-CRPEG Collective Agreement, the collective agreement takes precedence over this document where and to the extent that they may conflict.
IN-RANGE SALARY PROGRESSION. 4.1 Merit/Progression Increases 6 5. PROMOTIONS PROCESS 6 5.1 Promotions To CSE 2, 3, & 4 7 5.2 Promotions To CSE 5 & 6 7 FIGURE 1: CSE 5 & 6 Promotion Process 9 APPENDIX A: Level Descriptors 10 APPENDIX B: Criteria For Promotion To CSE 5 & 6 16 APPENDIX C: Sample Promotion Case (CSE 5 & 6 Only) 17 CSE Compensation System Page 66 I 1. INTRODUCTION n the interests of good communication, this document was prepared by an AECL-CRPEG1 team to provide specific information to both management and employees with regard to the career progression compensation system. The salary administration guidelines contained herein apply to employees on the CSE2 salary scale. This document describes the salary administration process in clear and simple terms so that it can be understood and seen as a fair, open, and equitable process. For employees covered under the AECL-CRPEG Collective Agreement, the collective agreement takes precedence over this document where and to the extent that they may conflict.
IN-RANGE SALARY PROGRESSION. Increases M pay results in an employee's salary progressing through a given salary range. When an employee's contribution and performance is consistent with the relevant level descriptor, their salary can advance through a merit increase up to the top of their salary range. The size of the increase is determined using a Performance Pay Grid which provides guideline increases for each performance level and salary grade. The Performance Pay Grid is available in the XXX as well as in the collective agreement. In the unusual situation where an employees performance is more consistent with a lower level descriptor, no merit or progressional increase would be awarded. The budget for each salary review is based on the statistical distribution of performance for the general population as specified in the Collective Agreement and on the rate of progression through the ranges necessary to maintain competitive salaries. PROMOTION PROCESS P move an employee from one salary range to a higher one. Although the merit and promotion processes are separate concepts, they are applied coincidentally and both result from the annual performance review process. Consistent with the level descriptors, it is expected that employees who become scientific or engineering specialists or section heads will achieve the range. However, for some individuals, the performance of recent years may not justify promotion to this level or, in some cases, the employee may reach the limits of their career advancement at a lower level. As the salary grades increase, standards become higher and, consequently, promotions are subject to increased scrutiny. For this reason, the promotion process is divided into two streams depending on the level to which the promotion is being made. Promotions can occur from any point in the salary range. The employee's salary does not have to be at or near the top of the salary range. When an employee is promoted, the employee shall receive, as a minimum, the appropriate promotional increase as specified in company guidelines or the collective agreement. Promotions To Progression through the ranges is considered normal progression for a scientist or engineer. Subject to performance and typical career development, scientists and engineers should expect to progress at varying rates through the first three ranges. Promotion to while also an expectation, is subject to more scrutiny to ensure that the employee is contributing at the level described in the level descriptor. ...

Related to IN-RANGE SALARY PROGRESSION

  • Salary Progression 1. For the purposes of determining annual progression from one step to the next, each teacher’s performance will be assessed annually against the appropriate professional standards.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Salary Range a. At the beginning of the 2020-21 school year, the salaries of returning full-time teachers were between $36,500 to $61,000.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • Salary Ranges A. The salary ranges for classifications covered by this Agreement shall be those contained in Appendix D.

  • Salary Scales 1. In the settlement of the Kindergarten Teachers, Head Teachers and Senior Teachers' Collective Agreement 2000-2002 the parties committed themselves to the implementation of pay parity for kindergarten teachers. Senior teacher K3 and K4 salaries were benchmarked to the base salary (excluding the roll-based supplementary component) of a primary U2 and U3 principal respectively.

  • Annual Base Salary During the Term, the Executive shall receive a base salary at an initial rate of $550,000 per annum, which shall be paid in accordance with the customary payroll practices of the Company, subject to review annually for possible increase, but not decrease, in the Board’s discretion (the “Annual Base Salary”).

  • Base Salary and Bonus As compensation for the Executive's services under this Agreement, the Executive shall receive and the Company shall pay a weekly base salary set forth on Exhibit A. Such base salary may be increased but not decreased during the Term or Renewal Period in the Company's discretion based upon the Executive's performance and any other factors the Company deems relevant. Such base salary shall be payable in accordance with the policy then prevailing for the Company's executives. In addition to such base salary, the Executive shall be entitled during the Term or Renewal Period to a performance bonus set forth on Exhibit A and to participate in and receive payments from, at the Company's election, other bonus and other incentive compensation plans, if any, as may be adopted by the Company.

  • Annual Salary Review In December of each year throughout the TERM, the annual salary of the EMPLOYEE shall be reviewed by the Boards of Directors of the EMPLOYERS and shall be set, effective January l of the following year, at an amount not less than $106,500, based upon the EMPLOYEE'S individual performance and the overall profitability and financial condition of the EMPLOYERS (hereinafter referred to as the "ANNUAL REVIEW"). The results of the ANNUAL REVIEW shall be reflected in the minutes of the Boards of Directors of the EMPLOYERS.

  • Salary and Bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

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