improvement factor

Definition of "improvement factor"
  1. A yearly wage increase agreed upon between the union and management, acknowledging that worker productivity boosts the company's profits
How to use "improvement factor" in a sentence
  1. The contract included an improvement factor to ensure workers directly benefitted from productivity gains.
  2. Jane's pay raise due to the improvement factor allowed her to keep pace with her growing contribution to the company's success.
  3. The union's successful negotiation for an improvement factor showed their emphasis on fair wage increases.

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