Return to Top Method of Payment As for all SPIs, the method of payment for a market adjustment is an increase to base pay. How to Do IT Print out the form, either the general one or the one for HSC , as appropriate, and complete it. Include the necessary documentation and an effective date . Unlike a Retention SPI, there does not have to be likelihood the employee will leave. This is an opportunity to recognize and reward an employee for the right things when that employee is paid below average market salary.
Performance is a key factor.
The documentation required for a Market Salary Adjustment is a comparison of the employee's salary with the market salary for similar responsibilities, giving the source for the market salary information. The source could be one of the market salary reports prepared by USF HR or market salary data which the hiring department collected. When the market salary data is not from one of the USF HR market salary reports, include the sources of the salary data you provide. Include this information when you submit the Appointment Status Form to Human Resources for processing. Once the SPI is approved, process it as an increase to base pay .