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merit-pay

 

Definitions from WordNet

Noun merit-pay has 1 sense
  1. merit pay - extra pay awarded to an employee on the basis of merit (especially to school teachers)
    --1 is a kind of wage, pay, earnings, remuneration, salary

Definitions from the Web

Merit Pay

Description:

Merit pay refers to a compensation system where an employee's salary or wages are determined by their job performance, productivity, or contribution to the organization. It is often used as a means to encourage high performance, motivation, and reward individuals based on their merits.

Senses:

Sense 1:

Noun: A system of additional pay or rewards given to employees based on their performance.

Example: The company introduced a merit pay program to incentivize employees to achieve their goals.

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