Performance Evaluation Pay Adjustment Sample Clauses
The Performance Evaluation Pay Adjustment clause establishes a system where employee compensation is directly linked to the results of their performance evaluations. Typically, this means that after a formal review process, an employee’s salary or bonus may be increased, decreased, or left unchanged based on how well they have met predefined goals or standards. For example, an employee who exceeds expectations might receive a pay raise, while one who underperforms may not receive any adjustment. This clause serves to incentivize high performance and align employee objectives with organizational goals, while also providing a transparent and structured method for adjusting pay based on merit.
Performance Evaluation Pay Adjustment. Merit pay adjustments for employees with an annual rating of "Meets Standards" or above shall be governed by provisions of Article 9-Wages. Employees who receive ratings of "Below Standards" or "Unsatisfactory" are not eligible for merit increases, and may be subject to other corrective measures.
Performance Evaluation Pay Adjustment. Employees who achieve an annual rating of “Meets Standards” or above will receive a merit increase in accordance with Article 7. Employees who receive ratings of
Performance Evaluation Pay Adjustment. 1 Eligible nurses will receive a pay adjustment, up to the maximum in the pay 2 range, according to the following performance increase schedule.
Performance Evaluation Pay Adjustment. Eligible nurses will receive a pay adjustment, up to the maximum in the pay range, according to the following performance increase schedule. % increase for all others 0% 1.0% 2.25% 3.0% Top of the scale * 0% 1.0% 2.25% 3.0% *Eligible nurses whose pay adjustment following the performance review would result in compensation in excess of the pay range will receive the amount of the excess in a lump sum to be paid at the time the increase is processed and will be paid according to these guidelines:
1. All amounts will be subject to required statutory withholding.
2. Nurses whose pay adjustment following the performance review would result in compensation in excess of the top of the range will have their hourly rate moved to the maximum of the range and the balance, if appropriate, will be paid as a lump sum.
3. Nurses at the top of the range prior to the performance review eligible for a lump sum payment as indicated by the performance review schedule will be paid the lump sum amount indicated in above table.
4. Lump sum calculations are based on the paid hours from the 12 months prior to the adjustment date. These include regular, overtime, call back, education, PTO and low census hours to a maximum of 2080 hours per year.
Performance Evaluation Pay Adjustment
Performance Evaluation Pay Adjustment