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"merit increase" is a correct and commonly used phrase in written English.
It refers to a salary increase or raise that is based on an individual's performance or merit. Example: The company's new policy states that all employees will receive a merit increase based on their annual performance review.
Exact(6)
The union objects to both changes, particularly the merit increase.
But, he added, under his five-year contract, he receives an annual $5,000 minimum increase plus a merit increase as determined by the board.
By contrast, in 2007, the average merit increase was about 3.8 percent for a midlevel manager, which was largely in line with raises across all employee levels.
Most recently, the typical merit increase has been 1.9 to 2 percent on average, whereas the highest-performing employees are getting closer to 4 percent, according to Stephen Mork, principal of global compensation and benefits at Buck Consultants.
The average merit increase for salaried workers, excluding top executives, is expected to remain unchanged from last year, at about 4percentt, according to the 2001 Report on Salary Surveys, published by the Institute of Management and Administration in New York.
In summary, it is time to move away from classic merit increase programs, which are still dominant in most U.S. organizations.
Similar(53)
No merit increases were given.
Merit increases are contrary to union philosophy".
His merit increases have been about $7,500 a year in his three years at Montgomery.
Revenue from domestic sales of brands like Marlboro and Merit increased 20.5percentto to $5.7 billion from $4.7 billion.
The increases apply only to base pay, and not to merit increases received in previous years, the guild said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com