Performance pay definition
Examples of Performance pay in a sentence
Performance pay, cost of living increases and/or market adjustments will be annually negotiated based on the available budget as determined by the School Board.
For an employee in L5, where the Performance Pay Increase that would be awarded is restricted by the top of the range, the employee will receive as a performance bonus the minimum amount indicated on the Performance pay Career Progression Grid for a Fully Meets Requirements, Exceeds Requirements or Outstanding performance rating.
Performance pay for outplaced salaried employees is not included.
Performance pay for outplaced salaried employees with no more than 18 months of employment is per hour: Monthly x 1.08 133 Performance pay for outplaced salaried employees with more than 18 months of employment is paid per hour: Monthly salary x 1.16 150 Compensation is paid for the combined number of hours worked during the month, rounded to the nearest lower whole number.
Performance pay is discussed in further detail in Appendix B of this Article.