Turnover Savings Sample Clauses

Turnover Savings. This will be calculated based the roster of individuals governed by this agreement who have left the DCTA bargaining unit and are replaced between December 1st of the previous year and November 30th of the current year.
AutoNDA by SimpleDocs
Turnover Savings. Turnover savings shall be utilized as mutually agreed by the parties.
Turnover Savings. Turnover savings is the difference between the salary of a retiring faculty member and the replacement incoming faculty member, which is calculated minus benefits, sick leave buyout, and other Legislative-allowable charges. When the College hires more new faculty than retiring faculty, the difference is calculated with all salary differences calculated into a total amount. Turnover savings is realized each fall, after the effective date of the retirement and the replacement faculty member(s) start date(s). Positions eliminated by a permanent reduction-in-force will not be calculated for turnover savings. The College will provide AHE, as soon as practicable, an accounting of the personnel changes affecting the turnover savings calculation. Turnover savings will be used to adjust the base salaries of tenure-track, tenured, special faculty appointments and full-time temporary faculty members by dividing the total amount of savings by the number of faculty members and will increase the salary schedule by proportionate means. CBC and AHE will evaluate the practicality of the effective date of the distribution of any turnover savings based on amount, time of determination, feasibility of making a salary change mid-year, considering the amount, which if negligible may be enough to wait until issuance of personnel contracts for the following instructional year. The College will update the Salary Schedule and post it for viewing on the Labor Relations webpage after each increase.
Turnover Savings. Turnover savings will be used as mutually agreed by the parties, provided that for the duration of this Agreement, turnover savings will be to fund the cost of faculty increments as described in Section 18.1.2.c.
Turnover Savings. Turnover Savings represent the difference in salaries between permanent state- funded faculty leaving the college and their replacements. The calculation of Turnover Savings is done in accordance with procedures set by the Washington State Board for Community and Technical Colleges. Turnover Savings will be calculated as faculty members leave and the funds from their positions are assigned to permanent replacement faculty. The amount of Turnover Savings available will be calculated effective September 30 of each academic year, with the Turnover Savings applied to the current fiscal year increment movement following the priority order identified below. The process used for calculations must be transparent and must be shared with AFT.
Turnover Savings. Turnover savings are defined as the ongoing (permanent) difference between the compensation level of a faculty employee who is no longer employed and the compensation level of the faculty replacement. If there is no difference in compensation levels or the difference results in a negative amount, there is no turnover savings and the amount used for calculation purposes will be zero (0).
Turnover Savings. 11.1.8.3 Regardless of the outcome for the previous academic year, a faculty will be considered to be in good standing for the current academic year if all criteria in 11.1.9 are met in the current academic year. Advancement through the steps will be based on four total years of service in good standing. These years do not need to be consecutive if a faculty member does not fulfill the good standing criteria one or more years. Turnover savings is the difference between the salary of a retiring faculty member and the replacement incoming faculty member, which is calculated minus benefits, sick leave buyout, and other charges. Positions eliminated by a permanent reduction-in-force will not be calculated for turnover savings.
AutoNDA by SimpleDocs
Turnover Savings. Turnover savings is the difference between the salary of a retiring faculty member and the replacement incoming faculty member, which is calculated minus benefits, sick leave buyout, and other Legislative-allowable charges. When the College hires more new faculty than retiring faculty, the difference is calculated with all salary differences calculated into a total amount. Turnover savings is realized each fall, after the effective date of the retirement and the replacement faculty member(s) start date(s). Positions eliminated by a permanent reduction-in-force will not be calculated for turnover savings. The College will provide AHE, as soon as practicable, an accounting of the personnel changes affecting the turnover savings calculation. Turnover savings will be used to adjust the base salaries of tenure-track and tenured faculty members by dividing the total amount of savings by the number of faculty members. CBC and AHE will evaluate the practicality of the effective date of the distribution of any turnover savings based on amount, time of determination, feasibility of making a salary change mid-year, considering the amount, which if negligible may be enough to wait until issuance of personnel contracts for the following instructional year.

Related to Turnover Savings

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date.

Time is Money Join Law Insider Premium to draft better contracts faster.