An organisation that has to attract and retain staff who are in high demand and where market rates are therefore high has to balance the desire for internal equity with the pressures of the "market place".
Newcastle University uses Market Supplements to deal with this inevitable tension. Market Supplements are additional payments to the rate for the job (as determined by Job Evaluation), which enable the University to reflect market rates.
The University has developed its policy and processes for Market Supplements to meet the following objectives.
Market related payments policy (PDF, 128KB)
Market supplements process (PDF, 16KB)
For further information on Market Supplements contact the Richard Boggie.