Remove Merit Pay Remove Pay Raise Remove Recruitment
article thumbnail

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

Business Management Daily

Retaining top performers has become a serious challenge for recruiters in recent years. 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. What is a Merit Increase? A staggering 50.6 It’s not just a bonus, either.