HR Digest

MARCH 27, 2025

The meaning of a merit increase How do you calculate a merit increase? 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.

Merit Pay 52

Merit Pay Salary Pay Raise Bonuses 52

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 52

Merit Pay Bonuses Commissions Salary 52

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.

Merit Pay 52

Merit Pay Pay Raise Bonuses Salary 52

Insperity

OCTOBER 10, 2011

Traditional merit-based pay plans, such as raises or bonuses, are not truly effective employee motivators, says Kevin Herring, founder of Ascent Management Consulting and an expert in workplace performance turnarounds. Merit pay, he notes, is often more about the economy than performance.

Merit Pay 40

Merit Pay Bonuses Human Resources Consulting 40