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2 <br />3 <br />4 <br />City of Louisville's <br />City of Louisville's <br />Market <br />Pay Philosophy <br />1� <br />Size of <br />Pay market wages <br />to our defined <br />Reward performance Pay <br />as compared <br />labor market <br />Consider the City's <br />through merit Philosophy <br />increases <br />Maintain an effective <br />work force through progressive <br />budgetary and <br />financial condition <br />and efficient <br />retention efforts <br />2 <br />4 <br />City of Louisville's <br />Labor <br />Market <br />Population <br />Number of LABOR <br />1� <br />Size of <br />. <br />Employees MARKET <br />Recruiting <br />. , <br />Budget <br />Area <br />2 <br />