Merit pay

Merit pay,

Definition of Merit pay:

  1. 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?

  1. If you are using the merit pay system then you should always get good work from your employees or they go home empty handed.
  2. I knew my performance was great and it would earn me a lot more merit pay over the years, which was perfect.
  3. 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