Market adjustments for existing staff if there is strong evidence to support a salary increase due to specific triggering event(s) , such as high turnover rates, failed searches, hard-to-recruit for positions, etc. Must be supported by compelling and validated market analysis.
Requests for market adjustments may be initiated by organizations, or departments with org support.
Documentation must include any specific triggering event(s).
Salary increase determined by the level of individual responsibilities, performance and market conditions. University Human Resources will conduct the market analysis and determine if a market adjustment is warranted and the appropriate range of any salary increase for the org and department.
Approval of salary increase --University Human Resources must approve any market adjustment increase outside of the parameters set by the University Human Resources’ market analysis.
Effective date is the 1st day of the month following University HR approval.