Market Forces Allowance Clause Samples
Market Forces Allowance. A recruitment or retention allowance may be paid in accordance with the University policy “Market Forces Allowance” for a maximum period of two years to reflect difficulty in recruiting or retaining specific skills and/or experience for any specified position. The allowance will either be paid annually in advance as a lump sum which will be repayable pro-rata from final pay if an Employee resigns or fortnightly with the normal salary payment. An allowance may be renewed beyond the initial two year period for a further maximum period of two years. Refer to the Payment of Market Forces Allowances Procedures
Market Forces Allowance.
5.5.1 A recruitment or retention allowance may be paid in accordance with the University “Payment of Market Forces Allowances Procedures” for a maximum period of two years to reflect difficulty in recruiting and retaining specific skills and/or experience for any specified position. The allowance will either be paid annually in advance as a lump sum which will be repayable pro rata from final pay if an Employee resigns or fortnightly with the normal salary payment. The arrangement for payment will be by mutual agreement between the Employer and the Employee. Refer to “Payment of Market Forces Allowances Procedures” for details regarding the application of this allowance.