merit increase
Earned salary bump
A merit increase is a raise in pay awarded for good job performance rather than for tenure, cost-of-living adjustment, or promotion.
Companies use merit increases to reward and retain strong performers: She received a 4% merit increase after her annual review.
The term belongs to HR and corporate compensation jargon.
- pay raiseHigher compensation rate
- raiseLift or increase
- promotionRank increase or publicity
- bonusReward beyond expectation
- salaryFixed periodic employment payment
base salary · performance · job performance · review · reward · recognition · compensation · evaluation · appraisal · earned · deserved · achievement · percentage · annual · annual review · performance review · bump · hike
- Career Advancementjob promotion, advancement, moving up, upward mobility, career ladder
- compensationpay, salary, income, wage, bonus
- workplace rewardsaward, bonus, employee of the month, performance bonus, raise
- payrollpaycheck, gross pay, base salary, net pay, pay stub
- HR actionshiring, firing, layoff, promotion, demotion
- pay changesraise, pay raise, pay cut, salary bump, pay bump
merit, increase, merits, merited, meriting, meritorious, meritoriously, demerit, demerits