Progression to Job Rate and Merit Pools Sample Clauses

Progression to Job Rate and Merit Pools. The progression to job rate (PTR) and merit pools exist to recognize P&M employees for their contributions to their department and the university. P&M employees will be eligible for either PTR or Merit awards based on performance, and inclusion in the specific pool is based on the individual’s salary percentage of job rate at the time of pool calculation. The PTR pool is calculated based on the number of employees who are below job rate each year times the negotiated increase amount. The Merit pool is calculated by the number of employees who are at and above job rate times the negotiated increase amount.
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Related to Progression to Job Rate and Merit Pools

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