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

Business Management Daily

A merit increase or merit raise refers to a pay increase based on an employee’s performance. Merit pay is a permanent increase to an employee’s base salary and tends to go hand-in-hand with regular performance reviews. Here’s a look at other types of financial rewards and how they differ from merit pay.

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What are Total Rewards: Here’s A Holistic View

Empuls

Employee total rewards are a combination of benefits, compensation, and rewards that employees receive from their organizations, including wages and bonuses, rewards, performance recognition, workplace flexibility, career opportunities, etc. Variable pay. Supplementary pay. Only hard work pays off! Overtime wage.

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American employers’ push for minimum wage increase faces an uphill battle

HR Digest

The world’s biggest online retailer Amazon a pay raise for over 500,000 workers across its fulfilment and transportation sectors. This pay bump could be as low as an additional 50 cents an hour to as much as three extra dollars per hour.

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Walmart Managers’ Salaries Increase as Organization Targets Retention

HR Digest

There has been considerable talk surrounding the retail chains shift in DEI policy but in other Walmart news, managers are all set to see a significant salary increase. This does not exclusively refer to their base pay, but a total combined evaluation of their pay, bonuses, and stock awards put together.

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