merit-based pay
Skill-determined wages
Merit-based pay is compensation tied to performance rather than tenure or fixed salary scales.
Employees who exceed expectations earn more; those who underperform earn less.
The system aims to reward productivity and motivate achievement, though critics argue it can be subjective or breed unhealthy competition: The company shifted to merit-based pay, which pleased top performers but worried everyone else.
- pay-for-performanceCompensation linked to results
- profit-sharingDistributing earnings among workers
- skin in the gamePersonal risk in outcome
- salaryFixed periodic employment payment
- bonusReward beyond expectation
pay raise · deserving · achievement awards · commissions · appraisal · overtime pay · 360-degree feedback · incentive pay · carrot and stick · equitable treatment · goal-setting · top performer · equal opportunity · stock options · pay transparency · raise · earnings · hustle
merit-based paypay equality
Fair compensation regardless of identity