Float Pool Differential Sample Clauses
The Float Pool Differential clause establishes additional compensation for employees who work in a float pool, meaning they are assigned to cover shifts or roles across multiple departments as needed. Typically, this clause specifies the percentage or amount by which float pool employees' pay rates exceed those of regular staff, reflecting the flexibility and adaptability required for such positions. Its core function is to incentivize employees to accept variable assignments and to fairly compensate them for the unpredictability and broader skill set demanded by float pool work.
POPULAR SAMPLE Copied 5 times
Float Pool Differential. Nurses working in the “float pool” will receive a minimum of $3.00 per hour more than their base hourly rate of pay, plus any applicable shift differential for their assigned shift.
Float Pool Differential. Regular full-time and part-time employees who are assigned to the float pool shall receive a differential beyond their regular rate of pay equal to ten percent (10%) of their individual base rate. Effective June 18, 2008, the Hospital will recruit for eighteen (18) full-time equivalent employees for the Float Pool. These positions will be equally divided between the St. Luke’s and Roosevelt Hospitals, and shall be allocated to both day and night shifts as appropriate. Float Pool staff may be assigned to any of the med-surg units at their Site. Float Pool staff assigned to Peds at the St. Luke’s Site will be provided with the education/training needed to be competent to float to that unit. Float Pool staff who volunteer for assignment to critical care will be provided with the education/training needed to be competent to float to units within the critical care division. Following education/training Float Pool staff assigned to a critical care unit will take a full assignment. The Hospital may deny a Float Pool staff’s request for an assignment to critical care based on the status of recruitment and/or the candidate. Incumbent employees may volunteer to serve on the Float Pool; they will not be involuntarily assigned. An employee who accepts a Float Pool position will commit to remain in that position for twelve (12) months after completion of orientation. The Parties agree to monitor recruitment for the Float Pool and discuss the cause of difficulty in filling positions as well as possible solutions should positions remain unfilled.