Common use of Market Increases Clause in Contracts

Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. Market increases will be effective the first full pay period after July 1, 2016. There shall be no market increases for FY15 or FY16. In FY17, the market increase pool will be calculated on the total base payroll of unit members as of March 1, 2016 and will be applied to base nine month salaries effective the first full pay period after July 1 of 2016. Distribution of the market increase pool for FY17 to eligible unit members shall be calculated after across the board adjustments have been applied for each of those fiscal years. In FY17, the University shall distribute up to three-tenths percent (0.3%) of the base nine month United Academics salary pool to eligible unit members whose salaries are under their calculated market targets. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. A joint Union and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and determine the distribution of the calculated pool. The Union and the University may each select up to three participants to serve on this committee. The committee shall determine relevant employment factors and procedures for distributing the calculated pool using comparator market data appropriate to each MAU. Individual market adjustments will be made according to each eligible unit member’s equiproportional share of the pool based on the amount of the individual unit member’s negative residual in FY16, as calculated after across the board adjustments have been applied for each of those fiscal years. No distributions will be made in excess of a unit member’s full residual; nor will distributions be made if the amount of the residual is less than one percent (1.0%) of their nine-month base salary. The parties will meet and confer as needed regarding the salary analysis and will agree on the distribution of the pool in each year. There shall be no further increases under this provision during the term of the agreement after December 31, 2016.

Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. Market Any market increases to eligible UNAC bargaining unit members will be effective the first full pay period after July 1, 20162018 the beginning of the specified fiscal year. There shall be no market increases for FY15 or FY16FY18. In FY17, the The University may distribute market increase pool will be calculated on the total base payroll of unit members as of March 1in FY19 and FY20. If funds are made available, 2016 and will be applied to base nine month salaries effective the first full pay period after July 1 of 2016. Distribution of the market increase pool for FY17 to eligible unit members shall be calculated after across the board adjustments have been applied for each of those fiscal years. In FY17, the University shall distribute up to three-tenths percent (0.3%) of the base nine month United Academics salary pool to eligible unit members whose salaries are under their calculated market targets. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. A a joint Union and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and determine the distribution of the calculated pool. The Union and the University may each select up to three participants to serve on this committee. The committee shall determine relevant employment factors and procedures for distributing the calculated pool using comparator market data appropriate to each MAU. The joint Union and University Labor Management Committee for Market Salary Increase will document the procedure used to determine and distribute market salary increases in a joint Letter of Understanding. Individual market adjustments will be made according to each eligible UNAC bargaining unit member’s equiproportional share of the pool based on the amount of the individual UNAC bargaining unit member’s negative residual in FY16FY19 and FY20 FY23, as calculated after across the board adjustments have been applied for each of those fiscal yearsFY24, and FY25. No distributions will be made in excess of a UNAC bargaining unit member’s full residual; nor will distributions be made if the amount of the residual is less than one percent (1.0%) of their nine-month base salary. The parties will meet and confer as needed regarding the salary analysis and will agree on the distribution of the pool in each year. The parties will meet and confer as needed regarding the salary analysis and will agree on the distribution of the pool in each year. There shall be no further increases under this provision during the term of the agreement after December 31, 2016201924.

Market Increases. The University and United Academics UAFT are committed to the recruitment and retention of high quality faculty members. Market increases will be effective the first full pay period after July 1, 2016highly qualified Faculty Members. There shall will be no market compression adjustment in Academic Year 2011-2012. The University shall provide .5% for market salary adjustments during the 2012- 2013 Academic Year, and .4% for market salary increases during 2013-2014 Academic Years. Data for FY15 or FY16annual market adjustments must be finalized by June 1, 2012 and 2013. In FY17FY13 and FY14, the market increase pool available for increases will be calculated on the total base payroll of Faculty Members in the bargaining unit members as of March 101, 2016 2012 and 2013, and such increases will be applied to the base nine (9) month salaries effective the first full pay payroll period after July 1 of 2016. Distribution of the market increase pool for FY17 to eligible unit members shall be calculated after across the board adjustments have been applied for each of those fiscal years. In FY1701, the University shall distribute up to three-tenths percent (0.3%) of the base nine month United Academics salary pool to eligible unit members whose salaries are under their calculated market targets. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. A joint Union 2012 and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and determine the distribution of the calculated pool. The Union and the University may each select up to three participants to serve on this committee. The committee shall determine relevant employment factors and procedures for distributing the calculated pool using comparator market data appropriate to each MAU2013. Individual market adjustments will be made according to each eligible unit memberFaculty Member’s equiproportional share of the market pool based on upon the amount of the individual unit memberFaculty Member’s negative residual in FY16FY12 and FY13, as calculated after across the board Across the Board (ATB) adjustments have been applied for each of those the fiscal years. No distributions distribution will be made in excess of a unit memberFaculty Member’s full residual; nor will distributions be made if the amount of the residual is less than one percent hundred dollars (1.0%$100). No Faculty Member shall receive more than a $7,000 market adjustment in a given year. A joint Labor Management Committee (LMC) of their nine-month base salary. The parties for Market Salary Adjustments will be convened during Fall 2011 to meet and confer as needed regarding the salary analysis and will agree on review/analyze salaries, determine relevant data factors and procedures for the distribution of any market adjustments using comparator market data (CUPA 2 yr/CUPA 4 yr) appropriate to each Faculty Member. At the first meeting, LMC members will determine dates/times for future meetings. The LMC work must be completed prior to the calculation of the annual pool in amounts for FY13 and FY14. The Union and the University may each yearselect up to three (3) participants to serve on this committee. There The joint committee will complete its work no later than January 15, 2012. The distribution of residual market funds, if any, shall occur by agreement of the parties. A joint labor management committee shall be no further increases under this provision during established to review and make recommendations for such distributions, which must be approved through a memorandum of agreement between Labor Relations and the term of the agreement after December 31Union. Residual market funds may be used for purposes such as compression or equity adjustments, 2016for faculty development or for assistance and support for e-learning.

Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. Market Any mMarket increases to eligible bargaining unitUNAC members will be effective the first full pay period after July 1, 20162018the beginning of the specified fiscal year. There shall be no market increases for FY15 or FY16FY18FY22. In FY17The University may distribute market increases in FY19 FY23, the market increase pool will be calculated on the total base payroll of unit members as of March 1and FY20FY24, 2016 and will be applied to base nine month salaries effective the first full pay period after July 1 of 2016FY25, if funds are made available. Distribution of the market increase pool for FY17 to eligible unit members shall be calculated after across the board adjustments have been applied for each of those fiscal years. In FY17If funds are made available, the University shall distribute up to three-tenths percent (0.3%) of the base nine month United Academics salary pool to eligible unit members whose salaries are under their calculated market targets. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. A a joint Union and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and determine the distribution of the calculated pool. The Union and the University may each select up to three participants to serve on this committee. The committee shall determine relevant employment factors and procedures for distributing the calculated pool using comparator market data appropriate to each MAU. The joint Union and University Labor Management Committee for Market Salary Increase will document the procedure used to determine and distribute market salary increases in a joint Letter of Understanding. Individual market adjustments will be made according to each eligible unit bargaining unitUNAC member’s equiproportional share of the pool based on the amount of the individual unit bargaining unitUNAC member’s negative residual in FY16, as calculated after across the board adjustments have been applied for each of those fiscal yearsFY19 and FY20. No distributions will be made in excess of a unit bargaining unitUNAC member’s full residual; nor will distributions be made if the amount of the residual is less than one percent (1.0%) of their nine-month base salary. The parties will meet and confer as needed regarding the salary analysis and will agree on the distribution of the pool in each year. There shall be no further increases under this provision during the term of the agreement after December 31, 2016202419.

Market Increases. The University and United Academics are committed to the recruitment and retention of high quality faculty members. Market increases will be effective the first full pay period after July 1, 20162012. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. There shall be no market increases for FY15 or FY16FY12. In FY17FY13 and FY14, the market increase pool will be calculated on the total base payroll of unit members as of March 1, 2016 2012 and 2013 and will be applied to base nine (9) month salaries effective the first full pay period after July 1 of 20162012 and 2013. Distribution of the market increase pool for FY17 FY13 and FY14 to eligible unit members shall be calculated after across the board adjustments have been applied for each of those fiscal years. In FY17FY13, the University shall distribute up to three-tenths one half percent (0.30.5%) of the base nine month United Academics salary pool to eligible unit members whose salaries are under their calculated market targets. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. In FY14, the University shall distribute up to four-tenths percent (0.4%) of the base nine month United Academics salary pool to eligible unit members whose salaries are under their calculated market targets. No unit member shall receive more than $10,000 total market increase over the term of this collective bargaining agreement. The University shall arrange for an independent study to be conducted to evaluate unit members’ compensation as compared to relevant and appropriate market comparators. The Labor Management Committee for Market Salary Increase shall be consulted regarding the methodology of and the compensation factors considered by the study. This salary study shall be completed by March 1, 2012. A joint Union and University Labor Management Committee for Market Salary Increase will be formed to analyze salaries and determine the distribution of the calculated pool. The Union and the University may each select up to three (3) participants to serve on this committee. The committee shall determine relevant employment factors and procedures for distributing the calculated pool using the aforementioned salary study and comparator market data appropriate to each MAU. Individual market adjustments will be made according to each eligible unit member’s equiproportional share of the pool based on the amount of the individual unit member’s negative residual in FY16FY12 and FY13, as calculated after across the board adjustments have been applied for each of those fiscal years. No distributions will be made in excess of a unit member’s full residual; nor will distributions be made if the amount of the residual is less than one percent hundred dollars (1.0%) of their nine-month base salary$100). The parties will meet and confer as needed regarding the salary analysis and will agree on the distribution of the pool in each year. There shall be no further increases under this provision during the term of the agreement after December 31, 20162013.