Common use of Market Adjustment Clause in Contracts

Market Adjustment. In the event that the University determines that anomalous market circumstance(s) exist such that it is experiencing difficulty in attracting and/or retaining employees in a specific job or that a particular skill set is in demand, it may conduct a market analysis and may adjust an employee’s base salary by adding a market adjustment factor consistent with market conditions.

Appears in 8 contracts

Sources: Collective Agreement, Collective Agreement, Collective Agreement