Definition of Merit increase:
Higher wage rate paid to an employee on the basis of an agreed upon criteria such as efficiency and performance. Also called merit bonus.
How to use Merit increase in a sentence?
- I received a five percent merit increase at work in 2014 because my performance was off the charts for the year.
- I told him that he would get a merit increase because he was doing such a great job on the floor.
- The merit increase was well received by the entire department so competition was fierce during the following month after incentivizing everyone.
Meaning of Merit increase & Merit increase Definition