Job Evaluation Fund Sample Clauses
The Job Evaluation Fund clause establishes a dedicated pool of resources to support the process of evaluating job roles within an organization. Typically, this fund is used to cover costs associated with conducting job analyses, hiring external consultants, or implementing new job evaluation systems. By earmarking specific financial resources for these activities, the clause ensures that job evaluation processes are adequately supported and can be carried out efficiently, thereby promoting fairness and consistency in job classification and compensation decisions.
Job Evaluation Fund. To fund the development work of the JE committee during 2014 the Parties agree to a one-time allocation of $50,000 from SSEAC. To facilitate the implementation of the provincial job evaluation plan a fund will be established within SSEAC with an initial one-time allocation of $250,000 on July 1, 2015 and annually each year thereafter during the term of the framework agreement, for a total of $1,000,000 in one-time funding. In addition to the one-time allocations, ongoing annual funds of $900,000 will be added to the job evaluation fund for implementation purposes at January 2, 2019. Any residual ongoing funds that are available after the implementation of the standardized benefit plan will be added to the job evaluation fund.