Abstract: Chapter 59 Merit Pay Karen McMillen Dielmann, Karen McMillen DielmannSearch for more papers by this author Karen McMillen Dielmann, Karen McMillen DielmannSearch for more papers by this author Book Editor(s):William J. Rothwell Ph.D., SPHR, William J. Rothwell Ph.D., SPHR Executive EditorSearch for more papers by this authorRobert K. Prescott Ph.D., SPHR, Robert K. Prescott Ph.D., SPHR Volume One EditorSearch for more papers by this author First published: 09 April 2012 https://doi.org/10.1002/9781118364741.ch59Citations: 1 AboutPDFPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShareShare a linkShare onFacebookTwitterLinked InRedditWechat Summary Merit pay is a wage or salary increase given by the company to an individual employee, usually based on his or her individual performance. The amount of the pay increase is usually determined by the supervisor's evaluation of the employee's performance. Those in favor of utilizing merit pay plans state that pay or other rewards that are tied directly to performance motivate employees to perform up to and above expected performance standards. Those who do not favor merit pay point to the inadequacy of many companies' performance appraisal processes. As more companies are utilizing teams to accomplish tasks or specific projects connected with jobs, pay that is based only on an individual's performance may encourage that person to be narrowly focused on his or her own goals and thus undermine teamwork. Controlled Vocabulary Terms Employee performance management applications; performance appraisal; Performance based rewards Citing Literature The Encyclopedia of Human Resource Management: Short Entries RelatedInformation
Publication Year: 2012
Publication Date: 2012-04-09
Language: en
Type: other
Indexed In: ['crossref']
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Cited By Count: 1
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