Common use of Market Adjustment Clause in Contracts

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: (a) the Employer must demonstrate that at least two attempts have been made to recruit for a vacancy using the plan’s rate of pay; (b) turnover in the specific job classification must be demonstrably high; (c) the adjustment in the rate of pay will be temporary and will be reviewed annually; (d) if the position is found to be above market as a result of the annual review, the rate of pay will return to the original JE amount; (e) the adjustment is for the position rather than a specific incumbent and will apply to existing incumbents, not just the new hires recruited under the temporary rate of pay; (f) all other conditions, such as negotiated increases, will continue to apply.

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: (a) the Employer must demonstrate that at least two (2) attempts have been made to recruit for a vacancy using the plan’s rate of pay; (b) turnover in the specific job classification must be demonstrably high; (c) the adjustment in the rate of pay will be temporary and will be reviewed annually; (d) if the position is found to be above market as a result of the annual review, the rate of pay will return to the original JE amount; (e) the adjustment is for the position rather than a specific incumbent and will apply to existing incumbents, not just the new hires recruited under the temporary rate of pay; (f) all other conditions, such as negotiated increases, will continue to apply.

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: (a) the Employer must demonstrate that at least two attempts have been made to recruit for a vacancy using the plan’s rate of pay; (b) turnover in the specific job classification must be demonstrably high; (c) the adjustment in the rate of pay will be temporary and will be reviewed annually; (d) if the position is found to be above market as a result of the annual review, the rate of pay will return to the original JE amount; (e) the adjustment is for the position rather than a specific incumbent and will apply to existing incumbents, not just the new hires recruited under the temporary rate of pay; (f) all other conditions, such as negotiated increases, will continue to apply.

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: (a) the Employer must demonstrate that at least two (2) attempts have been made to recruit for a vacancy using the plan’s rate of pay; (b) turnover in the specific job classification must be demonstrably high; (c) the adjustment in the rate of pay will be temporary and will be reviewed annually; (d) if the position is found to be above market as a result of the annual review, the rate of pay will return to the original JE job evaluation amount; (e) the adjustment is for the position rather than a specific incumbent and will apply to existing incumbents, not just the new hires recruited under the temporary rate of pay; (f) all other conditions, such as negotiated increases, will continue to apply.