Wage Increment Sample Clauses
A Wage Increment clause establishes the terms under which employee wages will be increased during the course of employment. Typically, it outlines the timing, frequency, and percentage or amount of wage increases, which may be tied to factors such as performance reviews, cost-of-living adjustments, or company profitability. This clause provides employees with clarity and predictability regarding future compensation, helping to motivate staff and reduce disputes over pay adjustments.
Wage Increment. Step - Length of service as a regular employee with the previous Employer in a similar job shall be recognized by the receiving Employer for the purpose of placement at a wage increment step. Future increment progression shall be based on service with the new Employer.
Wage Increment. It is agreed that the wage increment for 1 March 2008 will be the only wage increase for the 12 months commencing 1 March 2008.
Wage Increment. It is agreed that the wage increment for 1 March 2010 will be the only wage increase for the 12 months commencing 1 March 2010.
21.1.3 Wage Schedules
Wage Increment. (a) A five percent (5%) flat amount (calculated on the average salary) will be paid from the date of certification of the Agreement by the NSW IRC. A one off $2,000 (gross) sign on bonus will also be paid to current patrols employed on or before certification of the Agreement.
(b) A further four percent (4%) flat amount (calculated on the average salary) will be paid 12 months after the initial wage increase, that is 12 months after the date of certification of the Agreement by the NSW IRC.
(c) A further four percent (4%) flat amount (calculated on the average salary) will be paid 24 months after the initial wage increase, that is 24 months after the date of certification of the Agreement by the NSW IRC.