Difference between revisions of "Labour Contract Revaluation"
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* Valuation by a recruitment agency or recruitment consultant agreeable to all parties; | * Valuation by a recruitment agency or recruitment consultant agreeable to all parties; | ||
* Appeal (with resolution) subject to a vote at General Meeting; | * Appeal (with resolution) subject to a vote at General Meeting; | ||
| − | * Advisory, Conciliation and Arbitration Service (ACAS). | + | * [[Advisory, Conciliation and Arbitration Service]] (ACAS). |
| − | Any ratio of highest to lowest paid (by default, 3:1) still applied if there is a Labour Contract Revaluation. Either the maximum salary is capped at | + | Any ratio of highest to lowest paid (by default, 3:1) still applied if there is a Labour Contract Revaluation. Either the maximum salary is capped at three times the least, the minimum salary is raised to maintain the ratio, or Labour Shareholders must take a vote to adjust the ratio so that new pay rates can be accommodated. |
Latest revision as of 11:35, 29 January 2019
A Labour Contract Revaluation occurs whenever there is a dispute about the level of pay of one or more Labour Shareholders. The process is defined in Clause 49.
If a dispute occurs, a three stage escalation process is followed:
- Valuation by a recruitment agency or recruitment consultant agreeable to all parties;
- Appeal (with resolution) subject to a vote at General Meeting;
- Advisory, Conciliation and Arbitration Service (ACAS).
Any ratio of highest to lowest paid (by default, 3:1) still applied if there is a Labour Contract Revaluation. Either the maximum salary is capped at three times the least, the minimum salary is raised to maintain the ratio, or Labour Shareholders must take a vote to adjust the ratio so that new pay rates can be accommodated.
Return to the FairShares Glossary.
