Asked by Laura Derhamer on Jul 21, 2024
Verified
A merit raise is a form of bonus that is given to an employee beyond their base wage.
Merit Raise
An increase in salary given to an employee based on their job performance, as a reward for their contributions to the organization.
Base Wage
The initial rate of compensation an employee receives, excluding overtime, bonuses, or other additional payments.
- Gain an understanding of the principles and objections surrounding merit pay strategies.
Verified Answer
GL
Gunmorang LimitedJul 28, 2024
Final Answer :
False
Explanation :
A merit raise is an increase in an employee's base wage, typically awarded for outstanding performance, not a bonus given beyond the base wage.
Learning Objectives
- Gain an understanding of the principles and objections surrounding merit pay strategies.