Common use of Market Allowance Clause in Contracts

Market Allowance. Where there is difficulty in recruiting or retaining specific skills and/or experience required for the position, the employer may pay a market forces allowance on a fixed term or ongoing basis. This allowance shall be reviewed annually and may be either wholly or partially abated by any subsequent salary increase (including incremental progression or promotion) or discontinued after a notice period of six months to the lecturer concerned.

Appears in 3 contracts

Sources: Collective Agreement, Academic Staff Collective Agreement, Academic Staff Collective Agreement