HR Digest

MARCH 27, 2025

And more Merit Increase definition: What does it mean? At its core, a merit increase, also known as a merit pay raise, is a salary boost awarded to employees based on their performance, skills and contributions to the workplace. Unlike a blanket raise, a merit increase is tied to inflation or the years served.

Merit Pay 52

Merit Pay Salary Pay Raise Bonuses 52

Vantage Circle

NOVEMBER 30, 2022

Definition Of Extrinsic Rewards. The survey also found that 80% of employees would choose additional benefits over a pay raise. In addition to the employee's salary and bonuses, an employer may pay it directly or indirectly. Timely And Frequent Bonuses. Not just salary.

Profit Sharing Plan 105

Profit Sharing Plan PTO Bonuses Paid Leave 105

Patriot Software

JANUARY 30, 2019

When an employee approaches you with a raise request letter or conversation, you may not be expecting it. Take time to think about the employee’s request before giving them a definitive answer. Some employees prepare before asking for a raise, giving you specifics about why they feel they deserve the pay increase.

Pay Raise 46

Pay Raise Salary Bonuses Payroll 46

Vantage Circle

AUGUST 23, 2018

Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance. Bonuses through Time-Off. Performance Bonus.

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Employee Benefits Parental Leave Paid Sick Leave Benefits Package 63

Vantage Circle

AUGUST 23, 2018

Employees Prefer Compensation and Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises. Bonuses through Time-Off. They are moving from traditional monetary bonuses to providing paid weekend getaways. Performance Bonus.

Employee Benefits 45

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 45

Business Management Daily

AUGUST 25, 2023

Does your company offer inflation raises as well as regular pay raises? There are other ways to recognize employees as well, such as: Awards or callouts during standup meetings Bonuses and pay raises Company swag and/or gift cards Most important is that the company recognize employees for a job well done.

IT 52

IT Pay Raise Health Pension 52

Business Management Daily

JULY 17, 2023

As such, you should definitely schedule a check-in with your manager to discuss your career growth. Even if you don’t wind up landing a new job out of it, you’ve at least made a compelling case to get a pay raise for your extra hard work. Not quite, as there’s one final step that you definitely don’t want to skip.

Pay Raise 52

Pay Raise Management Bonuses Employment 52