Wage Compression Adjustment Sample Clauses

Wage Compression Adjustment. Employees with at least one (1) year of service as of 7/1/2023, with satisfactory performance on their FY23 annual performance evaluation move to the wage corresponding to their years of service1, or remain at their current rate if it is higher than the corresponding wage. YOS 0 to 3 4 5 6 7 & 8 9 & 10 11 12 13 14 15 16 17 18 19 20+ Pay Band Min 6.25% 12.50 % 18.75 % 25% 31.25 % 37.50 % 43.75 % 50% 56.25 % 62.5% 68.75 % 75% 81.25 % 87.50 % 93.75 % 3 $16.95 $17.62 $18.29 $18.96 $19.63 $20.30 $20.97 $21.64 $22.31 $22.98 $23.65 $24.32 $24.99 $25.66 $26.32 $27.00 4 $18.31 $19.04 $19.76 $20.49 $21.21 $21.94 $22.65 $23.39 $24.10 $24.84 $25.55 $26.29 $27.00 $27.74 $28.44 $29.17 5 $19.83 $20.68 $21.53 $22.38 $23.23 $24.08 $24.92 $25.78 $26.62 $27.48 $28.32 $29.18 $30.02 $30.87 $31.71 $32.56 6 $21.40 $22.32 $23.23 $24.15 $25.06 $25.98 $26.88 $27.80 $28.71 $29.63 $30.54 $31.46 $32.36 $33.28 $34.19 $35.11 7 $23.16 $24.23 $25.29 $26.36 $27.43 $28.50 $29.56 $30.63 $31.69 $32.76 $33.82 $34.89 $35.95 $37.02 $38.08 $39.15 8 $25.03 $26.18 $27.33 $28.48 $29.63 $30.78 $31.92 $33.07 $34.22 $35.37 $36.52 $37.67 $38.82 $39.97 $41.11 $42.26 Employees who did not demonstrate satisfactory performance will have another performance review on or about 10/1/2023, and shall receive their compression adjustment effective 10/1/2023 if satisfactory performance was demonstrated.
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Wage Compression Adjustment. Employees whose most recent hire date as a Court Reporter is before July 1, 2023, and employees who were rehired following voluntary separation after July 1, 2023, at the same hourly rate paid upon their separation receive a step adjustment based upon years of service as of July 1, 2023, per the chart below with satisfactory performance, or stay at the current step, whichever is higher. Years of service is based upon the bargaining unit seniority date, which accounts for employment as a court reporter within the Minnesota Judicial Branch. Employment in other job classifications shall not be counted toward years of service for the purpose of this pay adjustment. Step Wage Years of Service as a Court Reporter with MJB (based on BU Seniority Date) as of 7/1/23 1 $28.33 Up to 1 year and 364 days 2 $29.33 2 years 3 $30.46 3 years 4 $31.63 4 years 5 $32.85 5 years 6 $34.13 6 years 7 $35.45 8 years 8 $36.82 9 years 9 $38.24 11 years 10 $39.73 13 years 11 $41.26 15 years + If an Employee disagrees with their years of service for purposes of this adjustment, they may request a review of their years of service by District Human Resources no later than March 1, 2024. Any corrections warranted upon review will be made retroactive to July 1, 2023. Appointing Authorities and/or their designees may withhold pay increases because of unsatisfactory service within the year with written notice to the Employee. Increases so withheld may subsequently be granted if the Appointing Authority decides that the Employee has achieved a satisfactory level of performance. The withholding of this increase due to unsatisfactory service is not subject to the Administrative Review Procedure.

Related to Wage Compression Adjustment

  • Compensation Adjustments Any compensation agreed to hereunder may be adjusted from time to time by mutual agreement by attaching revised Schedules A or B to this Agreement.

  • Certain Adjustments The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to time as set forth in this Section 9.

  • Non pre-priced Adjustment Factor To be applied to Work determined not to be included in the CTC but within the general scope of the work: 1.2750.

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