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.
email to a friend
print this definition
cite this definition
link to this page
merit increase is in the Accounting & Auditing and HR, Teams, & Training subjects.
merit increase appears in the definition of the following term: merit bonus
This content can be found on the following page:
http://www.businessdictionary.com/definition/merit-increase.html