How do wage adjustments work?

Q: How do wage adjustments work?

According to the Tripartite Guidelines on re-employment , wage adjustments should take into account: The value of the job. The employee's experience and competency The midpoint salary range of the job. Any seniority-based wage components. Any wage reductions made when the employee turned 60. The salary range for an employee's current job is $1,500 to $2,500. An employee approaching retirement age is at the top of the salary range. The employer can offer re-employment at the midpoint of the range, $2,000.

Question

Accepted Answer

According to the Tripartite Guidelines on re-employment, wage adjustments should take into account:

The value of the job.
The employee's experience and competency
The midpoint salary range of the job.
Any seniority-based wage components.
Any wage reductions made when the employee turned 60.

The salary range for an employee's current job is $1,500 to $2,500. An employee approaching retirement age is at the top of the salary range.

The employer can offer re-employment at the midpoint of the range, $2,000.

How do wage adjustments work?

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