Common use of Market Adjustment Clause in Contracts

Market Adjustment. Compression/market adjustments for bargaining unit members will be determined by appropriate benchmarking within disciplines. The process proceeds as follows: A. The goal is to work from data including at least discipline, rank, special title or designation, years of service, gender and salary, which shall be collected each year from mutually agreed upon benchmark lists for Main Campus, Xxxxx College, and the College of Applied Science and Technology. The benchmark lists will be constructed by the joint Administration – Akron AAUP committee described below. The committee shall complete its work by May 1 of each year, and if not completed by that time then the status quo benchmark list regarding market adjustment shall be maintained. B. The market comparison categories shall be: a. Non-Tenure Track Faculty b. Assistant Professor c. Associate Professor d. Professor without special title e. Professor with special title--distinguished professor or endowed professor C. Half of the amount of compression/market adjustment for each bargaining unit faculty member in the categories listed in Sub-section B, supra, shall be ⎜ = ai ⎜ i ⎞ ⎟ ⎟ ⎟× A / 2 ⎜ ∑d j ⎟ ⎝ j=1 ⎠ where di is the deficit for the Member in question dj is the deficit for each Member The deficit for each member is computed as the difference between the years of service adjusted average for that members discipline and category for the “benchmarking” schools above and the member’s salary. The years of service adjusted average is computed as the product of the average for that members discipline and category for the “benchmarking” schools and the years of service factor, , where n is the member’s years in rank and for 2015-2016, i = 0.02, and M = 12 for Professors, and the service factor is 1.0 for non-tenure track faculty, assistant professors, and associate professors, i.e., i equals 0.00 for this rank. Only positive deficit values are used in the calculations for this section. The parameters i and M may be adjusted by the joint Administration – Akron AAUP committee described below. In the case of faculty on overload, their salary shall be corrected to reflect a regular academic year load. D. Chairs in consultation with at least 2 elected bargaining unit members of the department will determine the allocation of the other half based on the full history of documented performance of bargaining unit members at The University of Akron. Each allocation to the bargaining unit member shall be supported by written documentation of the basis and justification for the allocation based on a majority vote of the chair and elected bargaining unit members. E. A joint Administration – Akron AAUP committee with two members selected by the Xxxxxxx and two members selected by the President of Akron-AAUP will: administer the technical details of the compression/market adjustments, devise a mutually acceptable way to carry out the calculations where strict application of this section is not possible due to limitations in the available data or other technical reasons, construct and amend the benchmark lists and adjust the years of service factor parameters based on a continuing review of the available data. This committee shall make decisions based on a simple majority vote and report its actions to the Xxxxxxx and the President of Akron-AAUP respectively.

Market Adjustment. Compression/market adjustments for bargaining unit members will be determined by appropriate benchmarking within disciplines. The process proceeds as follows: A. The goal is to work from data including at least discipline, rank, special title or designation, years of service, gender and salary, which shall be collected each year from mutually agreed upon benchmark lists for Main Campus, Xxxxx College, and the College of Applied Science and Technology. The benchmark lists will be constructed by the joint Administration – Akron AAUP committee described below. The committee shall complete its work by May 1 of each year, and if not completed by that time then the status quo benchmark list regarding market adjustment shall be maintained. B. The market comparison categories shall be: a. Non-Tenure Track Faculty b. Assistant Professor c. Associate Professor d. Professor without special title e. Professor with special title--distinguished professor or endowed professor C. Half of the amount of compression/market adjustment for each bargaining unit faculty member in the categories listed in Sub-section B, supra, shall be ⎜ = ai ⎜ i ⎞ ⎟ ⎟ ⎟× A / 2 ⎜ ∑d j ⎟ ⎝ j=1 ⎠ where di is the deficit for the Member in question dj is the deficit for each Member The deficit for each member is computed as the difference between the years of service adjusted average for that members discipline and category for the “benchmarking” schools above and the member’s salary. The years of service adjusted average is computed as the product of the average for that members discipline and category for the “benchmarking” schools and the years of service factor, , where n is the member’s years in rank and for 2015-2016, i = 0.02, and M = 12 for Professors, and the service factor is 1.0 for non-tenure track faculty, assistant professors, and associate professors, i.e., i equals 0.00 for this rank. Only positive deficit values are used in the calculations for this section. The parameters i and M may be adjusted by the joint Administration – Akron AAUP committee described below. In the case of faculty on overload, their salary shall be corrected to reflect a regular academic year load. D. Chairs X. Xxxxxx in consultation with at least 2 elected bargaining unit members of the department will determine the allocation of the other half based on the full history of documented performance of bargaining unit members at The University of Akron. Each allocation to the bargaining unit member shall be supported by written documentation of the basis and justification for the allocation based on a majority vote of the chair and elected bargaining unit members. E. A joint Administration – Akron AAUP committee with two members selected by the Xxxxxxx and two members selected by the President of Akron-AAUP will: administer the technical details of the compression/market adjustments, devise a mutually acceptable way to carry out the calculations where strict application of this section is not possible due to limitations in the available data or other technical reasons, construct and amend the benchmark lists and adjust the years of service factor parameters based on a continuing review of the available data. This committee shall make decisions based on a simple majority vote and report its actions to the Xxxxxxx and the President of Akron-AAUP respectively.

Market Adjustment. Compression/market adjustments for bargaining unit members will be determined by appropriate benchmarking within disciplines. The process proceeds as follows: A. The goal is to work from data including at least discipline, rank, special title or designation, years of service, gender and salary, which shall be collected each year from mutually agreed upon benchmark lists for Main Campus, Xxxxx College, and the College of Applied Science and Technology. The benchmark lists will be constructed by the joint Administration – Akron AAUP committee described below. The committee shall complete its work by May 1 of each year, and if not completed by that time then the status quo benchmark list regarding market adjustment shall be maintained. B. The market comparison categories shall be: a. Non-Tenure Track Faculty b. Assistant Professor c. Associate Professor d. Professor without special title e. Professor with special title--distinguished professor or endowed professor C. Half of the amount of compression/market adjustment for each bargaining unit faculty member in the categories listed in Sub-section B, supra, shall be ⎜  = ai ⎜  i ⎞ ⎟ ⎟ ⎟×    × A / 2 ⎜  ∑d j ⎟ ⎝   j=1 ⎠  where di is the deficit for the Member in question dj is the deficit for each Member The deficit for each member is computed as the difference between the years of service adjusted average for that members discipline and category for the “benchmarking” schools above and the member’s salary. The years of service adjusted average is computed as the product of the average for that members discipline and category for the “benchmarking” schools and the years of service factor, , where n is the member’s years in rank and for 2015-2016, i = 0.02, and M = 12 for Professors, and the service factor is 1.0 for non-tenure track faculty, assistant professors, and associate professors, i.e., i equals 0.00 for this rank. Only positive deficit values are used in the calculations for this section. The parameters i and M may be adjusted by the joint Administration – Akron AAUP committee described below. In the case of faculty on overload, their salary shall be corrected to reflect a regular academic year load. D. Chairs in consultation with at least 2 elected bargaining unit members of the department will determine the allocation of the other half based on the full history of documented performance of bargaining unit members at The University of Akron. Each allocation to the bargaining unit member shall be supported by written documentation of the basis and justification for the allocation based on a majority vote of the chair and elected bargaining unit members. E. A joint Administration – Akron AAUP committee with two members selected by the Xxxxxxx and two members selected by the President of Akron-AAUP will: administer the technical details of the compression/market adjustments, devise a mutually acceptable way to carry out the calculations where strict application of this section is not possible due to limitations in the available data or other technical reasons, construct and amend the benchmark lists and adjust the years of service factor parameters based on a continuing review of the available data. This committee shall make decisions based on a simple majority vote and report its actions to the Xxxxxxx and the President of Akron-AAUP respectively.

Market Adjustment. Compression/market adjustments for bargaining unit members will be determined by appropriate benchmarking within disciplines. The process proceeds as follows: A. The goal is to work from data including at least discipline, rank, special title or designation, years of service, gender and salary, which shall be collected each year from mutually agreed upon benchmark lists for Main Campus, Xxxxx College, and the College of Applied Science and Technologylists. The benchmark lists will be constructed by the joint Administration – Akron AAUP committee described below. The committee shall complete its work by May 1 of each year, and if not completed by that time then the status quo benchmark list regarding market adjustment shall be maintained. B. The market comparison categories shall be: a. Non-Tenure Track Faculty b. Assistant Professor c. Associate Professor d. Professor without special title e. Professor with special title--distinguished professor or endowed professor C. Half of the amount of compression/market adjustment for each bargaining unit faculty member in the categories listed in Sub-section B, supra, shall be ⎜ = ai ⎜ i ⎞ ⎟ ⎟ ⎟× A / 2 ⎜ ∑d j ⎟ ⎝ j=1 ⎠ where di is the deficit for the Member in question dj is the deficit for each Member The deficit for each member is computed as the difference between the years of service adjusted average for that members discipline and category for the “benchmarking” schools above and the member’s salary. The years of service adjusted average is computed as the product of the average for that members discipline and category for the “benchmarking” schools and the years of service factor, , where n is the member’s years in rank and for 20152020-20162021, i = 0.02, and M = 12 for Professors, and the service factor is 1.0 for non-tenure track faculty, assistant professors, and associate professors, i.e., i equals 0.00 for this rank. Only positive deficit values are used in the calculations for this section. The parameters i and M may be adjusted by the joint Administration – Akron AAUP committee described below. In the case of faculty on overload, their salary shall be corrected to reflect a regular academic year load. D. Chairs Chairs/directors in consultation with at least 2 elected bargaining unit members of the department will determine the allocation of the other half based on the full history of documented performance of bargaining unit members at The University of Akron. Each allocation to the bargaining unit member shall be supported by written documentation of the basis and justification for the allocation based on a majority vote of the chair chair/director and elected bargaining unit members. E. A joint Administration – Akron AAUP committee with two members selected by the Xxxxxxx and two members selected by the President of Akron-AAUP will: administer the technical details of the compression/market adjustments, devise a mutually acceptable way to carry out the calculations where strict application of this section is not possible due to limitations in the available data or other technical reasons, construct and amend the benchmark lists and adjust the years of service factor parameters based on a continuing review of the available data. This committee shall make decisions based on a simple majority vote and report its actions to the Xxxxxxx and the President of Akron-AAUP respectively.

Market Adjustment. Compression/market adjustments for bargaining unit members will be determined by appropriate benchmarking within disciplines. The process proceeds as follows: A. The goal is to work from data including at least discipline, rank, special title or designation, years of service, gender and salary, which shall be collected each year from mutually agreed upon benchmark lists for Main Campus, Xxxxx College, and the College of Applied Science and Technologylists. The benchmark lists will be constructed by the joint Administration – Akron AAUP committee described below. The committee shall complete its work by May 1 of each year, and if not completed by that time then the status quo benchmark list regarding market adjustment shall be maintained. B. The market comparison categories shall be: a. Non-Tenure Track Faculty b. Assistant Professor c. Associate Professor d. Professor without special title e. Professor with special title--distinguished professor or endowed professor C. Half of the amount of compression/market adjustment for each bargaining unit faculty member in the categories listed in Sub-section B, supra, shall be ⎜ | = ai ⎜ | i ⎞ ⎟ ⎟ ⎟× | | |× A / 2 ⎜ ∑d | Σd j ⎟ | ⎝ j=1 ⎠ where di is the deficit for the Member in question dj is the deficit for each Member The deficit for each member is computed as the difference between the years of service adjusted average for that members discipline and category for the “benchmarking” schools above and the member’s salary. The years of service adjusted average is computed as the product of the average for that members discipline and category for the “benchmarking” schools and the years of service factor, , where n is the member’s years in rank and for 20152020-20162021, i = 0.02, and M = 12 for Professors, and the service factor is 1.0 for non-tenure track faculty, assistant professors, and associate professors, i.e., i equals 0.00 for this rank. Only positive deficit values are used in the calculations for this section. The parameters i and M may be adjusted by the joint Administration – Akron AAUP committee described below. In the case of faculty on overload, their salary shall be corrected to reflect a regular academic year load. D. Chairs Chairs/directors in consultation with at least 2 elected bargaining unit members of the department will determine the allocation of the other half based on the full history of documented performance of bargaining unit members at The University of Akron. Each allocation to the bargaining unit member shall be supported by written documentation of the basis and justification for the allocation based on a majority vote of the chair chair/director and elected bargaining unit members. E. A joint Administration – Akron AAUP committee with two members selected by the Xxxxxxx and two members selected by the President of Akron-AAUP will: administer the technical details of the compression/market adjustments, devise a mutually acceptable way to carry out the calculations where strict application of this section is not possible due to limitations in the available data or other technical reasons, construct and amend the benchmark lists and adjust the years of service factor parameters based on a continuing review of the available data. This committee shall make decisions based on a simple majority vote and report its actions to the Xxxxxxx and the President of Akron-AAUP respectively.