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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 meritpayraise, is a salary boost awarded to employees based on their performance, skills and contributions to the workplace.
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 meritraise refers to a pay increase based on an employee’s performance. What is a Merit Increase? Why is that?
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