merit award/bonus/raise

merit award/bonus/raise
merit award/bonus/raise, etc.
HR, WORKPLACE extra pay given to employees who have done their job well and made noticeable improvements in the company, department, etc.: »

The average merit pay increase over the past five years has been in the range of 3 to 4%.

Main Entry: merit

Financial and business terms. 2012.

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  • merit award/bonus/raise, etc. — merit award/bonus/raise, etc. ► HR, WORKPLACE extra pay given to employees who have done their job well and made noticeable improvements in the company, department, etc.: »The average merit pay increase over the past five years has been in the… …   Financial and business terms

  • merit bonus/raise — merit award/bonus/raise, etc. ► HR, WORKPLACE extra pay given to employees who have done their job well and made noticeable improvements in the company, department, etc.: »The average merit pay increase over the past five years has been in the… …   Financial and business terms

  • merit award — merit award/bonus/raise, etc. ► HR, WORKPLACE extra pay given to employees who have done their job well and made noticeable improvements in the company, department, etc.: »The average merit pay increase over the past five years has been in the… …   Financial and business terms

  • merit bonus — ➔ bonus * * * merit award/bonus/raise, etc. ► HR, WORKPLACE extra pay given to employees who have done their job well and made noticeable improvements in the company, department, etc.: »The average merit pay increase over the past five years has… …   Financial and business terms

  • merit — Ⅰ. merit UK US /ˈmerɪt/ noun [C or U] ► FORMAL the quality of being good and deserving to be praised or rewarded, or an advantage that something has: »Proposals will be judged strictly on merit by an external committee. »I fail to see the merit… …   Financial and business terms

  • merit raise — merit award/bonus/raise, etc. ► HR, WORKPLACE extra pay given to employees who have done their job well and made noticeable improvements in the company, department, etc.: »The average merit pay increase over the past five years has been in the… …   Financial and business terms

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