Market supplement definition
Market supplement is an additional constant dollar amount which may be added from time-to-time to the base pay rate of an occupational group or to specific levels within an occupational group. Market supplement is considered part of pay for purposes of overtime, superannuation and other wage related benefits. It is not considered part of pay, however, for purposes of calculating performance increases or increases on promotion and reclassification.
Examples of Market supplement in a sentence
Market supplement payments may be applied in circumstances where demonstrable recruitment and/or retention issues are identified.