MARKET SUPPLEMENT PROGRAM Sample Clauses

MARKET SUPPLEMENT PROGRAM. 1. It is agreed by the parties that, within six months following the ratification of a new Collective Agreement between the parties for the period beginning January 1, 2014, a committee will be struck for the purpose of investigating the development of a Market Supplement Program to support the recruitment and retention needs of the Xxxxxx Public Library (RPL).

MARKET SUPPLEMENT PROGRAM. The objective of the Market Supplement Program is to ensure that the Board can attract and retain the employees required to provide appropriate service in the Maintenance Department. A joint committee consisting of three (3) representatives of the Union and three (3) representatives of the Employer shall be established to consider market supplements as per below. Either party may identify and bring forward for consideration classification(s) where skill shortages have or may impede service delivery. Upon receipt of identified classifications, the committee shall jointly analyze whether supplements are appropriate and, if so, the appropriate value of the supplements, taking into account service delivery impacts, turnover rates, recruitment analysis including vacancy rates, and salary market conditions. Market supplements shall be effective upon joint agreement of the parties and shall be applicable to all employees in that classification on the date the market supplement becomes effective or, if they are hired after the effective date, the date of hire. The market supplement shall be reviewed no less than annually by the joint committee. Should market conditions change so that a review sooner than one year from implementation is appropriate, such a review may be initiated upon request of either party. If it is jointly determined that a market supplement is no longer needed or should be reduced, the market supplement shall be removed or reduced immediately for the purpose of new hires and shall be removed or reduced effective three (3) months from the date of the decision for current incumbents. It is understood that the market supplement is separate to the Collective Agreement wage schedule and is not used in the calculation of the general wage increase. General wage increases are applicable to the base wage only. Market supplements are considered pensionable earnings and are subject to statutory deductions and are included in the calculation of employee benefits where appropriate. They are also subject to union dues deductions as per the formula determined by the Union. The current market supplements are set out below. Job Classification Wage Supplement/ hour Xxxxxxxxx/Xxxxxxx 2 $1.25 Electrician 2 $3.00 HVAC Technician/Plumber 2 $3.00 Equipment Operator/Welder 2 $1.00 Instrument Repair Tech. 2 $3.00 The market supplements will be implemented according to the terms set out in Section 30.12. ARTICLE 31 - CLASSIFICATION AND SALARY SCHEDULE - OPERATIONS