SALARY ADMINISTRATION Salary Bands Sample Clauses

SALARY ADMINISTRATION Salary Bands. Salary bands reflect the value of the positions that fall within the established point range of the salary bands.  All positions will be placed in an appropriate salary band subsequent to the completion of the job evaluation process.  Each salary band reflects the minimum rate the University will normally pay to an employee and the maximum rate the University will normally pay to an employee in the position. The mid-point of the range reflects the market value of the job.  The University will continue to conduct periodic market surveys of comparable jobs to recognize market rates for similar jobs on campus. The market rate is based on an analysis of the average compensation paid by other employers in the comparable employment community. Market rates will be used as a guide when setting the rates within or increases to the University salary bands.  Movement of established salary bands will depend upon salary discussions and internal and external factors, which may include periodic salary surveys. These salary surveys will consider total compensation. To assist in the application of the salary administration policy, the salary band is divided into four (4) levels. The guidelines for each level follows: Level 1: 80%-88% of mid-point. Generally employees in this level meet the minimum requirements of the job, (i.e. the employee holds the required job qualifications, but lacks job experience) or the employee demonstrates under performance. New hires with minimal job experience would normally be included at this level. Level 2: 89% - 96% of mid-point. Employees in this level have attained the required job experience and demonstrate a performance level that consistently meets most of the job requirements. Level 3: 97% - 104% of mid-point. Employees in this level have attained the required job experience and are competently handling all aspects of the job requirements in a consistent manner and demonstrates consistent performance at a fully competent level. Level 4: 105% - 120% of mid-point. Employees in this level have clearly demonstrated outstanding performance well above the job requirements and their outcomes exceed the job requirements on a sustained basis. Starting Salaries for New University Employees: Starting salaries are to be established in consultation with Human Resources. The normal hiring range for new regular full-time (RFT) or temporary full-time (TFT) employees to the University is eighty to ninety-six per cent (80-96%) of the mid-point of...
AutoNDA by SimpleDocs
SALARY ADMINISTRATION Salary Bands. Salary bands reflect the value of the positions that fall within the established point range of the salary bands.  All positions will be placed in an appropriate salary band subsequent to the completion of the job evaluation process.  Each salary band reflects the minimum rate the University will normally pay to an employee and the maximum rate the University will normally pay to an employee in the position. Job rate reflects the value of the job.  The University will continue to conduct periodic market surveys of comparable jobs to recognize market rates for similar jobs on campus. The market rate is based on an analysis of the average compensation paid by other employers in the comparable employment community. Market rates will be used as a guide when setting the rates within or increases to the University salary bands.  Movement of established salary bands will depend upon salary discussions and internal and external factors, which may include periodic salary surveys. These salary surveys will consider total compensation. To assist in the application of the salary administration policy, the salary band is divided into four levels. The guidelines for each level follows: Level 1: 80%-88% of mid-point. Generally employees in this level meet the minimum requirements of the job, (i.e., the employee holds the required job qualifications, but lacks job experience) or the employee demonstrates under performance. New hires with minimal job experience would normally be included at this level. Level 2: 89% - 96% of mid-point. Employees in this level have attained the required job experience and demonstrate a performance level that consistently meets most of the job requirements.

Related to SALARY ADMINISTRATION Salary Bands

  • Salary Administration Section 1. Salary eligibility date is defined as the date an employee is eligible for an annual performance pay increase. The salary eligibility date is computed from the date of hire. Employees shall be eligible for annual performance pay increases on the employees' salary eligibility date provided the employee is not at the top step of the salary range of the employees' classification. The employee may be denied the annual performance pay increase if there has been a serious performance or attendance problem. Denials are subject to review within six (6) months. Denials may be grieved under the provisions of Article 51.

  • Salary/Wages Grantee shall list personnel involved, position classification, direct salary rates, and hours spent on the Project in accordance with Attachment 3, Grant Work Plan in their documentation for reimbursement or match requirements.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.

  • SALARY STEP PLAN AND SALARY ADJUSTMENTS 198. Appointments to positions in the City and County Service shall be at the entrance rate established for the position except as otherwise provided herein.

  • Salary and bonus ii. Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments.

  • SALARY AND COMPENSATION ARTICLE 56

  • Base Compensation a. The Company and the Bank agree to pay Executive during the term of this Agreement a base salary at the rate of $ per year, payable in accordance with customary payroll practices.

  • Basic Salary (a) During the Employment the Company shall pay the Executive a Basic Salary of not less than £415,000 per annum. The Basic Salary shall accrue from day to day and be payable by credit transfer in equal monthly instalments in arrears on or around the 25th day of each calendar month or otherwise as arranged from time to time.

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

  • Salary Grid September 1, 2005 – add 2% to the new base grid. Years Experience CATEGORY A CATEGORY A1 CATEGORY A2 CATEGORY A3 CATEGORY A4 0 45,970.92 49,027.12 53,248.93 57,307.24 61,529.06 1 47,408.72 50,573.14 54,720.64 58,778.94 63,000.74 2 48,846.43 52,119.17 56,177.46 60,220.89 64,457.58 3 50,284.31 53,665.18 57,634.29 61,692.59 65,914.40 4 51,708.27 55,196.36 59,105.98 63,164.26 68,549.39 5 54,583.88 58,531.14 62,019.60 66,077.92 70,299.73 6 56,021.69 59,834.38 63,565.64 68,712.92 71,756.54 7 57,445.64 61,365.52 64,948.13 68,991.68 73,228.24 8 58,136.88 62,108.81 66,404.73 70,448.38 74,685.07 9 60,321.24 64,457.58 67,861.78 71,920.08 76,141.88 10 61,759.02 66,003.57 69,318.61 73,376.90 77,598.72 11 63,183.00 67,534.74 70,775.43 74,848.59 79,070.40

Time is Money Join Law Insider Premium to draft better contracts faster.