Fixed Pay Ranges Sample Clauses

Fixed Pay Ranges. ‘Fixed Pay ranges’ provide Managers with a guide to the median level of Fixed Pay currently being paid in the market for similar roles. The Fixed Pay range for a role(s) is based around a midpoint which represents the market median of remuneration being paid in the external market for comparable roles. The market median represents the middle of what the market is paying for a particular role, e.g. 50% of the market pays above and 50% of the market pays below. IAG then builds the Fixed Pay range above and below the midpoint. At IAG, Fixed Pay ranges are established and maintained by Human Resources from credible, current remuneration data and reviewed each year. The data is sourced from confidential, external remuneration surveys which combine salary information of numerous organisations, including competitors.
Sample 1
AutoNDA by SimpleDocs

Related to Fixed Pay Ranges

  • Permitted Payments Hedging Liabilities

  • Delayed payments The Parties hereto agree that payments due from one Party to the other Party under the provisions of this Agreement shall be made within the period set forth therein, and if no such period is specified, within 30 (thirty) days of receiving a demand along with the necessary particulars. Unless otherwise specified in this Agreement, in the event of delay beyond such period, the defaulting Party shall pay interest for the period of delay calculated at a rate equal to 5% (five per cent) above the Bank Rate, and recovery thereof shall be without prejudice to the rights of the Parties under this Agreement including Termination thereof.

  • Rate Increases In the event that this Agreement is renewed pursuant to Section 3.1.2, the rate set forth in Exhibit “C” may be adjusted each year at the time of renewal as set forth in Exhibit “C.”

  • Restricted Payments Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Step Increases (a) The following is the method used to determine service credit, since the last date of hire, for purposes of positioning on the salary range:

  • Funding Increases Before the Funder can make an allocation of additional funds to the HSP, the parties will:

  • Periodic Increases Periodic increases are provided as follows:

  • SALARY STEP INCREASES a. Increases to steps above the entry step shall be based on performance and length of service. The employee must have earned the equivalent of at least twenty-six

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