merit increases
Earned salary bumps
Merit increases are raises in pay awarded to employees based on individual performance rather than across-the-board adjustments or seniority.
Companies use them to reward high performers and incentivize productivity: She received a 4% merit increase after her strong annual review.
Distinguished from cost-of-living adjustments, which apply uniformly regardless of performance.
- pay raiseHigher compensation rate
- pay equityEqual pay for equal work
- pay gradeCompensation classification level
- bonusesAdded compensation beyond wages
- annual bonusPeriodic employee compensation supplement
appraisal · benchmarks · metrics · pay scales · feedback · profit-sharing · career progression · goal-setting · professional growth · peer reviews · incentive programs · performance review · 360-degree feedback · anti-discrimination laws · labor laws · self-assessment · organizational culture · wage transparency
- compensationpay, salary, income, wage, bonus
- union contractsunion contract, labor agreement, wage agreement, seniority, grievance procedure
merit increasescost-of-living adjustments
Wage hikes offsetting inflation
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