Common use of Pay Adjustments Clause in Contracts

Pay Adjustments. In addition to the lump sum payment, the employer implements, in accordance with the company’s pay policy, a salary adjustment having a cost impact of 3.5% no later than from 1 April 2023 or from the beginning of the next pay period starting thereafter. The cost impact (3.5%) is calculated from the March payroll for sen- ior salaried employees, including fringe benefits. When allocating salary increases, the employer must ensure that each senior sal- aried employee’s salary, including fringe benefits, is increased by at least 3.0%. The purpose of salary adjustments is to support motivating salary formulation, equitable salary structures and salary grading, help improve productivity at workplaces, support the implementation of the employer’s pay policy and correct any distortions that may exist. The professional skills and work performance of senior sala- ried employees shall be the guiding factors affecting the distribu- tion of personal salary increases. The shop xxxxxxx shall have the right to be provided, within a rea- sonable time from the salary increases, with a report on the allo- cation of the salary settlement implemented by the employer. The report must include the number of senior salaried employees, the number of persons who received an increase, the average increase and the total amount of salary increases for senior salaried em- ployees (payroll for the senior salaried employees before and after the increase). Option B The employer will implement the salary settlement in accordance with the company’s pay policy no later than from 1 April 2023 or from the beginning of the next pay period starting thereafter. The purpose of salary adjustments is to support motivating salary formulation, equitable salary structures and salary grading, help improve productivity at workplaces, support the implementation of the employer’s pay policy and correct any distortions that may exist. Senior salaried employees will be provided with information on the employee’s personal salary adjustment amount and the grounds for it within two months of the implementation of the salary ad- justment, but no later than on 31 August 2023. Such information will be provided to each senior salaried employee regardless of whether the senior salaried employee has received an increase. The shop xxxxxxx shall have the right to be provided, within a rea- sonable time from the salary adjustments, with a report on the allocation of the salary settlement implemented by the employer. The report must include the number of senior salaried employees, the number of persons who received an increase, the average in- crease, the total amount of salary increases for senior salaried em- ployees (payroll for the senior salaried employees before and after the increase) and the main principles for allocating increases.

Pay Adjustments. In addition to the lump sum payment, the The employer implements, in accordance with the company’s pay policy, a salary adjustment having a cost impact of 3.52.5% no later than from 1 April 2023 February 2024 or from the beginning of the next pay period starting thereafter. The cost impact (3.52.5%) is calculated from the March January payroll for sen- ior senior salaried employees, including fringe benefits. When allocating salary increases, the employer must ensure that each senior sal- aried salaried employee’s salary, including fringe benefits, is increased by at least 3.01.3%. The purpose of salary adjustments is to support motivating salary formulation, equitable salary structures and salary grading, help improve productivity at workplaces, support the implementation of the employer’s pay policy and correct any distortions that may exist. The professional skills and work performance of senior sala- ried employees shall be the guiding factors affecting the distribu- tion of personal salary increases. The shop xxxxxxx shall have the right to be provided, within a rea- sonable reason- able time from the salary increases, with a report on the allo- cation allocation of the salary settlement implemented by the employer. The report must include the number of senior salaried employees, the number of persons who received an increase, the average increase and the total amount of salary increases for senior salaried em- ployees employees (payroll pay- roll for the senior salaried employees before and after the increase). Option B The employer will implement the salary settlement in accordance with the company’s pay policy no later than from 1 April 2023 February 2024 or from the beginning of the next pay period starting thereafter. The purpose of salary adjustments is to support motivating salary formulation, equitable salary structures and salary grading, help improve productivity at workplaces, support the implementation of the employer’s pay policy and correct any distortions that may exist. Senior salaried employees will be provided with information on the employee’s personal salary adjustment amount and the grounds for it within two months of the implementation of the salary ad- justment, but no later than on 31 August 20232024. Such information will be provided to each senior salaried employee regardless of whether the senior salaried employee has received an increase. The shop xxxxxxx shall have the right to be provided, within a rea- sonable time from the salary adjustments, with a report on the allocation of the salary settlement implemented by the employer. The report must include the number of senior salaried employees, the number of persons who received an increase, the average in- crease, the total amount of salary increases for senior salaried em- ployees (payroll for the senior salaried employees before and after the increase) and the main principles for allocating increases.