Market-Based Equity Adjustments. 1. Effective the first full pay period following July 1, 2023, the City shall increase the base pay for all Unit 10 Fire classifications by one-and-one- half percent (1.5%). Market based equity adjustments are independent of the GSI but will be implemented in an additive (non-compounded) fashion (i.e., the total increase will be 5.5%).
Market-Based Equity Adjustments. Effective the first full pay period following the later of July 1, 2021 or the City Council’s adoption of new job specifications, the City shall increase the base pay for each classification with a total compensation of below market median, as determined by the Xxxxx Xxxxxxxx and Associates’ Total Compensation Survey (“Survey”). These changes are reflected in the Salary Tables Attached as Exhibit “A." In addition, each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by Xxxxx Xxxxxxxx and Associates in the document entitled, “Salary Benchmarks and Alignments”. Market based equity adjustments are independent of the cost-of-living adjustment (“COLA”) but will be implemented in an additive (non-compounded) fashion. For example, the Deputy City Clerk will receive both a 9.7% market equity adjustment and a 2.0% COLA for a total increase of 11.7% the first year. Both COLA and Market Equity Adjustments are reflected in the Salary Tables Attached as Exhibit “A." Y-Rating
Market-Based Equity Adjustments. Pursuant to MOU Section 6.1 Market-Based Equity Adjustments, the equity adjustments for the classifications of Parks Maintenance Crew Supervisor and Street Maintenance Worker I are modified to mirror Public Works Crew Supervisor and Park Maintenance Worker I respectively. These adjustments maintain internal benchmarks within the Park Maintenance and Street Maintenance series as well as address compaction. The adjustments will be applied consistent with the effective date of the market-based equity adjustments as provided by the MOU. Exhibit A of the MOU, Salary Tables, is modified as follows:
Market-Based Equity Adjustments. Effective the first full pay period following July 1, 2021, the City shall increase the base pay for each classification with a total compensation of below market median based on the Xxxxx Xxxxxxxx and Associates’ Total Compensation Survey (“Survey”). These changes are reflected in the Salary Table Attached as Exhibit “A.” In addition, each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by Xxxxx Xxxxxxxx and Associates in the document entitled “Salary Benchmarks and Alignments.” These changes are also reflected in the Salary Tables Attached as Exhibit “A.” Market based equity adjustments are independent of the cost-of-living adjustment (“COLA”) but will be implemented in an additive (non-compounded) fashion. For example, if a classification is scheduled to receive a 9.7% market equity adjustment and a 2.0% COLA, the classification will receive a total increase of 11.7%.
Market-Based Equity Adjustments. Effective the first full pay period following July 1, 2021, the City shall increase the base pay for each classification with a total compensation of below market median based on the Xxxxx Xxxxxxxx and Associates’ Total Compensation Survey (“Survey”). Market-based equity increases will be effective the first full pay period following July 1, 2021. These changes are reflected in the Salary Tables Attached as Exhibit “A.” In addition, each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by Xxxxx Xxxxxxxx and Associates in the document entitled “Salary Benchmarks and Alignments.” These changes are also reflected in the Salary Tables Attached as Exhibit “A.” Market based equity adjustments are independent of the cost-of-living adjustment (“COLA”) but will be implemented in an additive (non-compounded) fashion. For example, if a classification is scheduled to receive a 9.7% market equity adjustment and a 2.0% COLA, the classification will receive a total increase of 11.7%.
Market-Based Equity Adjustments. As set forth below, the City shall increase the base pay for each classification with a total compensation of below market median based on the Xxxxx Xxxxxxxx and Associates’ Total Compensation Survey (“Survey”) as reflected in the Salary Tables attached as Exhibit A. In addition, each non-surveyed classification which is tied to a benchmark classification will receive a base wage increase sufficient to maintain the differential recommended by Xxxxx Xxxxxxxx and Associates in the document entitled “Salary Benchmarks and Alignments,” or consistent with the agreement with the bargaining unit in their chain of command (e.g., based on Unit 6 equity adjustments). These changes are also reflected in the Salary Tables attached as Exhibit A.
