1. In Insurance, this is the basis of an insured’s loss record such as for auto insurance used in computing premium on a policy. 2. In HR, this is using absenteeism, adaptability, attitude, health, length of service, punctuality, and safety record as factors in an employee rating system .

More On This Topic

Link to This Definition
Did you find this definition of MERIT RATING 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