Market Premium. If the market compensation study indicates that the trend line base salary range for a classification is 10% or more below the market target position’s median at both entry and maximum, then the Union and the Employer shall meet to negotiate the appropriate method and economic adjustment (market premium or reclassification) for the classification. The results of the negotiation shall be applied in the following fiscal year. If the Union and Employer agree that reclassification is appropriate, the reclassification shall occur in accordance with the County Classification and Compensation Policy (HR 001). If the Union and Employer agree that a Market Premium is appropriate, the negotiated market premium amount will be applied to the entire salary range for the classification. The base salary range for the classification will remain unchanged. This Market Premium subject matter is subject to the provisions of Section 31.3. Job classifications with market premiums added to the base salary range will continue to be included in all comprehensive surveys of Decision Band Method classifications within the occupational group until such time as the base salary range for the classification is within 10% of the target market level for the classification. The market premium amounts for a classification may change up or down each time the market is studied depending upon the data received from the market compensation study for the classification. Should the market premium amount fall to less than 10% below the target market position of the County, then the market premium will be eliminated and the salary for individual positions will be the individual’s current increment in the base salary for the job classification. This paragraph is subject to the outcome of the provisions of Section 31.3. Appendix “B” 2020 Pay Plan Department of Corrections Teamsters Clerical Effective January 1, 2020 Pay Grade Increment 1 Increment 2 Increment 3 Increment 4 Increment 5 Increment 6 Increment 7 Increment 8 Increment 9 Increment 10 Increment 11 Increment 12 Increment 13 Increment 14 A13 YR MO HR 31,796 2,650 15.29 32,575 2,715 15.66 33,366 2,781 16.04 34,182 2,849 16.43 35,010 2,918 16.83 35,863 2,989 17.24 36,741 3,062 17.66 37,631 3,136 18.09 38,546 3,212 18.53 39,486 3,290 18.98 40,450 3,371 19.45 41,439 3,453 19.92 42,452 3,538 20.41 43,491 3,624 20.91 B21 YR MO HR 34,825 2,902 16.74 35,641 2,970 17.13 36,469 3,039 17.53 37,322 3,110 17.94 38,200 3,183 18.37 39,090 3,257 18.79 40,00...
Market Premium. Market studies will be regularly conducted during the course of contract negotiations. During mid-term of a contract, a market study may be requested by the Bargaining Unit or the City if there is reason to believe that a classification or position may not be compensated at a market competitive rate. A significant issue in retention, recruitment, or significant disparity with the relevant market will constitute reason for a study. A disparity of 5% or less will not ordinarily result in any change. The result of any market study that indicates more than 5% disparity is subject to negotiations with the bargaining unit. Any market premium or reduction will be reviewed during the next regular negotiations market study.
Market Premium. If the market compensation study indicates that the trend line base salary range for a classification is 10% or more below the market target position’s median at both entry and maximum , then the Union and the Employer shall meet to negotiate the appropriate method and economic adjustment (market premium or reclassification) for the classification. The results of the negotiation shall be applied in the following fiscal year. If the Union and Employer agree that reclassification is appropriate, the reclassification shall occur in accordance with the County Classification and Compensation Policy (HR 001). If the Union and Employer agree that a Market Premium is appropriate, the negotiated market premium amount will be applied to the entire salary range for the classification. The base salary range for the classification will remain unchanged. Job classifications with market premiums added to the base salary range will continue to be included in all comprehensive surveys of Decision Band Method classifications within the occupational group until such time as the base salary range for the classification is within 10% of the target market level for the classification. The market premium amounts for a classification may change up or down each time the market is studied depending upon the data received from the market compensation study for the classification. Should the market premium amount fall to less than 10% below the target market position of the County, then the market premium will be eliminated and the salary for individual positions will be the individual’s current increment in the base salary for the job classification. Exhibit "B" AFSCME Local 87, 87P, 87PS 2015 Pay Plan Effective January 1, 2016 Pay Grade Increment Increment Increment Increment Increment Increment Increment Increment Increment Increment Increment Increment Increment Increment 8 hr YR 20,328 20,880 21,456 22,032 22,632 23,244 23,880 24,528 25,200 25,884 26,580 27,312 28,044 28,812 8 hr MO 1,694 1,740 1,788 1,836 1,886 1,937 1,990 2,044 2,100 2,157 2,215 2,276 2,337 2,401 X00 XX 9.77 10.04 10.32 10.59 10.88 11.18 11.48 11.79 12.12 12.44 12.78 13.13 13.48 13.85 7.5 hr MO 1,588 1,631 1,676 1,721 1,768 1,816 1,866 1,916 1,969 2,022 2,077 2,134 2,191 2,251 7.5 hr YR 19,058 19,575 20,115 20,655 21,218 21,791 22,388 22,995 23,625 24,266 24,919 25,605 26,291 27,011 8 hr YR 25,248 25,932 26,640 27,360 28,116 28,872 29,664 30,468 31,308 32,160 33,036 33,936 34,860 35,808 8 hr MO 2,104 2,161 2,2...
Market Premium. The market premium is the additional amount that brings the salary amount up to what the “market” pays in the coal industry in Central Queensland.
Market Premium. Effective April 1, 2024, Xxxxxxx nurses shall be paid a market adjustment premium of one dollar and fifty cents ($1.50) per hour/visit.
