Common use of Market Study Clause in Contracts

Market Study. The setting of pay rates for current unchanged or newly established classifications that reflect the best estimate of what is being paid in the competitive labor market for the classification based upon comparable jurisdictions and benchmarked classifications that are similar in scope of function, duties, and level of responsibilities. The classifications are compared to the labor market in their current unchanged form and only administrative changes to job specifications may result from this process. The 5% rule (2.i) as outlined in Thurston County Compensation Methods and Procedures (as revised May 16, 2005) shall be followed, provided overall consideration is also given to classification series and job families.

Market Study. The setting of pay rates for current unchanged or newly established classifications that reflect the best estimate of what is being paid in the competitive labor market for the classification based upon comparable jurisdictions and benchmarked classifications that are similar in scope of function, duties, and level of responsibilities. The classifications are compared to the labor market in their current unchanged form and only administrative changes to job specifications may result from this process. The 5% rule (2.i) as outlined in Thurston Xxxxxxxx County Compensation Methods and Procedures (as revised May 16, 2005) shall be followed, provided overall consideration is also given to classification series and job families.