A performance-based pay increase that the company may provide to employees who are not Production Associates or Flat-Rated, on an annual basis as appropriate. The annual merit increase is influenced by the employeeâ€(tm)s performance. The increase is typically effective as of the first full pay period in April.
An increase to an individual's base pay rate based on performance.
A raise in an employee's' salary due to goal achievement and/or other criteria.
Increase in wages given to one employee by the employer to reward good performance. Unions often oppose merit increases because of a general lack of objective criteria for awarding increases, and thus allowing favoritism to enter into the decision to award the increase.
A salary increase, the amount of which is determined by employee performance and available funding.