Definition of Merit pay:
Basing an employees salary on his or her performance, over a predetermined period and according to an agreed upon criteria.
How to use Merit pay in a sentence?
- If you are using the merit pay system then you should always get good work from your employees or they go home empty handed.
- I knew my performance was great and it would earn me a lot more merit pay over the years, which was perfect.
- People who work for merit pay must always have a good day at work because when they take a day off they make nothing.
Meaning of Merit pay & Merit pay Definition