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Strategies for effectively implementing pay for performance

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.

Merit Pay

Merit Pay Bonuses Commissions Salary

What’s a merit increase, and should your business use them?

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. What is a Merit Increase? It’s not just a bonus, either.

Merit Pay

Merit Pay Pay Raise Bonuses Salary

Strategies for effectively implementing pay for performance

What’s a merit increase, and should your business use them?

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