Market Adjustment. The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the Chancellor, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.
Market Adjustment. National Grid customers receiving Standard Offer Service under the Fixed Price Option who leave National Grid for a competitive supplier will be subject to a National Grid billing adjustment. This billing adjustment will appear on your utility xxxx and may be a credit or a charge to your Standard Offer Service xxxx, depending on National Grid rates at the time. Clearview is not responsible for the National Grid Basic Service Billing Adjustment and does not receive these fees.
Market Adjustment. The District commissioned a salary survey, which was completed by Xxxxx Xxxxxxxx & Associates in May of 2021 (“Survey”). Effective the first full pay period in January 2022, the District agrees to provide a market adjustment to those classifications identified as having a top step salary that is more than 5 percent below the median salary listed in the Survey. The amount of any market adjustment to be provided will be equal to the difference between the current salary for the position and a value that is 5 percent below the median. Eligibility for and the amount of any market adjustment will be determined after application of the cost of living adjustment provided by Section 9 below.
Market Adjustment. From time to time, the Employer may require the flexibility to adjust the rate for specific positions in accordance with market pressures. The Employer must meet the following criteria:
Market Adjustment. Compression/market adjustments for bargaining unit members will be determined by appropriate benchmarking within disciplines. The process proceeds as follows:
Market Adjustment. Effective the first full pay period in January 2018, all current employee wage rates as set forth in Exhibit A will be increased by two percent (2.0%).
Market Adjustment. Where a classification has been identified by the Employer as being behind market and such class has been difficult to recruit for or to retain employees in, the Employer may temporarily increase the rate of pay for the class by up to two pay grades (or its percentage equivalent). Such adjustments will be reviewed annually. Upon such annual review, if a classification is found to be above market then the rate for the class will revert to the pay grade or hourly rate in effect prior to the time the temporary increase was applied. Those employees found to be above the range will remain at their current rate until such time as normal increments or general increases match or exceed the employee’s current rate, at which time employees shall again become eligible for increments and general increases.
Market Adjustment. Feb. Feb. Feb. Feb. (continued) Current
Market Adjustment. 28.7.1 In the event the University determines, at its discretion, that an anomalous market condition exists such that the University has experienced difficulty in recruitment and retaining employees with the skills required by a specific job class, it may provide a temporary market adjustment to the incumbents in that job class.
Market Adjustment. In order to address inequities in the salary schedules created by 11 changes in Florida Statute and economic conditions over the past 15 years, instructional staff 12 who are employed by the District at the time of ratification will receive a market adjustment 13 based upon Creditable Years of Experience on record with the District as of the date of ratification. 14 Eligible employees of comparable classes will receive the same salary increase, with no distinction 15 to be made regarding salary schedule.
