Market Adjustment. The District commissioned a salary survey, which was completed by Xxxxx Xxxxxxxx & Associates in May of 2021 (“Survey”). Effective the first full pay period in January 2022, the District agrees to provide a market adjustment to those classifications identified as having a top step salary that is more than 5 percent below the median salary listed in the Survey. The amount of any market adjustment to be provided will be equal to the difference between the current salary for the position and a value that is 5 percent below the median. Eligibility for and the amount of any market adjustment will be determined after application of the cost of living adjustment provided by Section 9 below.
Appears in 11 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
