Merit Pay Related Topics 
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.
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.
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.
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