merit increase

  

Definition

Higher wage rate paid to an employee on the basis of an agreed upon criteria such as efficiency and performance. Also called merit bonus.

Use merit increase in a sentence

  • The merit increase was well received by the entire department so competition was fierce during the following month after incentivizing everyone.

    9 people found this helpful
  • I told him that he would get a merit increase because he was doing such a great job on the floor.

    4 people found this helpful
  • I received a five percent merit increase at work in 2014 because my performance was off the charts for the year.

    7 people found this helpful
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/merit-increase.html

Have a question about merit increase? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z