What is MERIT INCREASE?

Employee’s higher wage rate based on efficiency and performance, examples of agreed-to criteria. Also known as merit bonus.

More On This Topic
  1. Nepotism, Cronyism, & Favoritism: Illegal Or Unethical?
  2. How To Fire An Employee The Right Way
  3. What Does Fed OASDI/EE Mean on a Paycheck?
  4. What is FED MED/EE Tax?
  5. How Marginal Tax System Works
  6. Breach Of Contract: What It Is, Types, Examples, & Resolving Them
  7. How Much Of Your Wages Can Be Garnished?
  8. Seven Factors Every Business Owner Must Know About Independent Contractor Law
  9. Three Conditions Required For Respondeat Superior
  10. If You File a Homeowner’s Insurance Claim, Will Your Rates Go Up?

Related Legal Terms
MERIT PAY, FIGURE OF MERIT, MERIT GOODS, MERIT RATING, RATE OF NATURAL INCREASE/DECREASE, RETROACTIVE INTEREST RATE INCREASE, AUTOMATIC INCREASE IN BENEFIT PROVISION, MERIT SYSTEM, INCREASE, NET INCREASE


Link to This Definition
Did you find this definition of MERIT INCREASE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary