HR Digest

MARCH 27, 2025

But what is a merit increase? And how can employers wield it effectively to retain top talent? In this comprehensive guide, we deep dive into: What is a merit increase? The meaning of a merit increase How do you calculate a merit increase? And more Merit Increase definition: What does it mean?

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Higginbotham

DECEMBER 19, 2024

Types of Pay for Performance Models While pay-for-performance models can be tailored to meet the unique needs and objectives of different organizations, two of the most common types are merit pay increases and incentive pay. Incentive Pay: Incentive pay provides bonuses for meeting specific performance targets.

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Business Management Daily

APRIL 16, 2024

As such, employers must do everything they can to attract and retain high-performing employees, and issuing regular merit increases is one of the best ways to do so. A merit increase or merit raise refers to a pay increase based on an employee’s performance. It’s because merit increases involve a lot of variance.

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