Merit Increase
A merit increase is an employee’s increase in wages based on individual performance.
Benefits of Merit Increase
Cornerstone Compensation unifies performance data with compensation data – making it easy to determine merit increases based on employee performance. With quick access to real, measurable performance data within the Compensation module, managers can easily and accurately distribute merit-based compensation.
See also:
Career Pathing Continuous Feedback Employee Development Employee Engagement Employee Goal Setting Employee Retention Mid-Year Reviews Performance Appraisal Performance Calibration Performance Management Salary Banding
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