PAY DELIVERY SYSTEMS; PERFORMANCE BASED PAY AND GOAL SHARING Sample Clauses

PAY DELIVERY SYSTEMS; PERFORMANCE BASED PAY AND GOAL SHARING. The District's Pay Delivery program consists of two elements: performance-based pay and goal sharing. These two elements combined comprise an employee's total compensation. Performance-Based Pay Adjustments for FY 2015-16, FY 16-17, FY 17-18 Performance Based Pay Salary Structure. Each job classification will be assigned a corresponding salary range. The market rate is established at the 60th percentile. The minimum point of the range is 20% less than the 60th percentile. The Award Point is set at 10% above the Market Point. The Base Pay Zone reaches from the minimum of the range to the Award Point. PBP range structure has no designated steps within each range. The range structure does not have guaranteed annual increases based on such factors as longevity, or cost- of-living. However, ranges may be adjusted on an annual basis by a percentage as may be agreed in bargaining. Payment Process. All employees will receive a performance review annually, with the corresponding pay adjustment effective July 1. The employee’s overall performance rating will be used to calculate their pay adjustment. The pay adjustment will be applied to the employee's base pay until the base pay amount reaches the Award Point. Pay adjustments beyond the Award Point will be paid in a one-time lump sum payment, and not applied to the employee's base pay. Placement on the New Salary Ranges. All employees will be placed on the salary range for their job classification. Initial placement on that salary range will be at the employee's current rate of pay.
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PAY DELIVERY SYSTEMS; PERFORMANCE BASED PAY AND GOAL SHARING. The District's Pay Delivery program consists of two elements: performance-based pay and goal sharing. These two elements combined comprise an employee's total salary.

Related to PAY DELIVERY SYSTEMS; PERFORMANCE BASED PAY AND GOAL SHARING

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