MERIT INCREASE Meaning and
Definition
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Merit increase refers to a salary increment or raise that is granted to an employee based on their performance, skills, or qualifications. It is a reward given to recognize and acknowledge an individual's superior performance or contribution to an organization.
When determining a merit increase, employers typically evaluate factors such as the employee's job performance, achievements, responsibilities, and demonstrated skills. These factors are often assessed through performance evaluations, reviews, or assessments conducted by supervisors or managers. The merit increase acknowledges the employee's valuable contribution and aims to encourage and motivate further growth and success.
Merit increases are typically granted on a discretionary basis, depending on the organization's policies and performance management system. The amount of the increase may vary based on individual performance, with higher performers typically receiving more substantial raises. It is often distinct from cost-of-living adjustments or other general salary increases that may be applied uniformly across the organization.
The purpose of a merit increase is to motivate employees to excel in their roles, encourage professional development, and retain top talent within the organization. It serves as a recognition of an employee's exceptional performance and contribution, and is aimed at fostering a culture of excellence and meritocracy within the workplace.
Common Misspellings for MERIT INCREASE
- nerit increase
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- jerit increase
- mwrit increase
- msrit increase
- mdrit increase
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- meeit increase
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- metit increase
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- merut increase
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Etymology of MERIT INCREASE
The term "merit increase" is a compound word comprising two separate words, "merit" and "increase".
1. Merit: The word "merit" comes from the Latin word "meritus", which means to deserve or earn. It entered Middle English in the 14th century and referred to the quality of deserving praise or recognition for one's actions, achievements, or qualities. Its usage in relation to employment dates back to the early 19th century, where it denoted an increase in wages or promotion based on the employee's performance or worthiness.
2. Increase: The word "increase" originates from the Latin word "increascer", which means to grow or become greater. It entered Middle English in the 14th century and refers to the act or process of becoming larger, greater, or more numerous.
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