It’s important for all employees to understand how their pay rate is established.
Every job at NOAH is placed in a specific pay grade that represents a range of pay for each position. This range is determined based off of the market rate and candidates are offered a rate within the range based on their years of applicable experience.
NOAH uses many tools to determine what the market rate for a specific job is. Market rate is the rate at which jobs with similar responsibilities, educational requirements and experience are being paid. These rates are compared geographically to like jobs in the Southwest, in Arizona, and even as specifically as the city in which they are located. Market rates are also determined based on the demand of the position and how fast or slow different industries are growing. When we see an increase in the market rate for a specific position, you may see a market adjustment take place. This would lead to an off-cycle (outside of merit) pay increase for employees in those jobs.
All jobs at NOAH are reviewed against market rates on an annual basis to ensure that we are paying our employees fairly and competitively and putting our People First.
We are currently going through market reviews for all our employees, and more will be shared soon on how this may affect your pay range. In addition to ongoing market reviews, employees are also eligible for annual merit increases. Merit increases are awarded to employees based on the Performance Review score. All employees hired prior to March 31, 2022, are eligible for a merit increase in July of 2022.
Please reach out to NOAHHR@honorhealth.com with any questions!
