BNET Business Dictionary
Business Definition for: Merit Pay
- see Merit Rating
Additional Resources
- SEC merit-pay system ruled discriminatory to Blacks and older workers
- Older and African-American employees suffer discrimination in a merit-pay system put in place at the Securities and Exchange Commission SEC in 2003, a federal arbitrator has ruled. The National Treasury Employee Union NTEU, which challenged the SEC's merit-pay system, declared the ruling to be an important legal victory for...
- Research articles 2007-09-24
- Aberdeen, S.D.-Area School Board Tosses Out Merit-Pay Program.(Knight Ridder/Tribune Business News)
- Apr. 15--The Webster school board and the Webster Education Association have jointly agreed to scrap the district's pilot merit-pay program at the end of the school year and develop an alternative. Apr. 15--The Webster school board and the Webster Education Association have jointly...
- Research articles 2000-04-18
- Minnesota Employers Probably Will Cap Merit Pay Hikes at Around 3.8 Percent.
- By Casey Selix, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News Dec. 13--If your employer gives merit pay next year, the increase probably won't go much higher than 3.8 percent in Minnesota, according to a recent survey by Deloitte & Touche. ...
- Research articles 2002-12-13
- Leaner merit increases. (Human Resources).(Brief Article)
- Expect trimmed-back merit-pay increases in 2002, says human-resources consulting firm Towers Perrin, New York. While companies' merit budgets increased by 4% or higher in 2001 for all categories of employees, a majority of respondents (59%) to a rece Expect trimmed-back merit-pay increases in 2002, says ...
- Research articles 2002-02-01
- Executives Can Expect Smaller Merit Increases - Brief Article
- In 2000, executives can look forward to larger merit pay increases than nonexempt and other exempt employees will get, but executives' pay will increase more slowly than that of the other employee categories. Buck Consultants' 10th annual Compensation Budget Survey found that executives can expect merit raises of 4.3 percent-down...
- Research articles 2000-01-01
- 1995 merit salary increases at lowest level in six years
- NEW YORK--BUSINESS WIRE--June 6, 1995--A nationwide survey of 1995 merit salary increases among U.S. companies shows that merit increase budgets are at a six-year low.The survey, conducted by consultants Towers Perrin, indicates that this year's increases are at least four-tenths of a percentage point below planned 1995 increases, and two-...
- Research articles 1995-06-06
- 2006 Will See Higher Merit Pay Increases, New Business & Legal Reports Pay Budget Survey Forecasts
- OLD SAYBROOK, Conn. -- A new salary survey finds that compensation managers are feeling optimistic, and that could mean good news in your paycheck. Business & Legal Reports, Inc. BLR has just released its 2006 Pay Budget Survey, which predicts that the national average merit increase for exempt office employees...
- Research articles 2005-08-17
- Council still grappling with merit-based raises for top brass
- OAKLAND -- The Oakland City Council is poised to overhaul the city's salary ordinance in an attempt to rein in the kind of pay raises that made a former city manager and department heads some of the highest paid executives in the state. Despite months of haggling,...
- Research articles 2004-01-17
- Making Pay-for-Performance Pay Off (Part 3)
- As the Bush administration's initiatives to establish "Pay-for-performance" move toward implementation, questions and doubts prevail. In previous papers, suggestions were made concerning the changes in selection, training, and priorities needed to maximize the possibility of successful implementation. What remains to be examined is a new appraisal system designed to support...
- White papers 2005-07-27
- Ford cuts white-collar health benefits, merit pay
- DEARBORN, Mich. -- Salaried workers at Ford Motor Co. won't get pay raises next year and they'll pay more for health insurance under benefit changes announced by the struggling automaker. In addition, Ford will stop providing health insurance for Medicare-eligible salaried retirees over 65 starting in January 2008,...
- Research articles 2006-11-02
- Study: White Guys Get Better Bonuses
- The Find: Women and minorities receive less merit-based compensation than white men, despite equal scores on performance evaluations, research from MIT's Sloan School of Management claims. The Source: Research by Professor Emilio J. Castilla of MIT's Sloan School of Management entitled “Gender, Race, and Meritocracy in Organizational...
- Blog posts 2008-10-07
- Merit-based pay for civil servant to spur work on Cambodia's reforms.
- M2 PRESSWIRE-6 June 2005-WORLD BANK: Merit-based pay for civil servant to spur work on Cambodia's reformsC1994-2005 M2 COMMUNICATIONS LTD RDATE:02062005 A merit-based pay deal for Cambodian civil servants working on priority reform programs was formally agreed by The Royal Government of...
- Research articles 2005-06-06
- Staggering Economy Topples 2009 Salary Increases
- 25% drop in merit increases in one month brings planned pay raises to lowest level since 9/11--with many employers preparing to delay, reduce, or freeze pay hikes in 2009 OLD SAYBROOK, Conn. -- Business & Legal Reports (BLR([R])) announced survey data today that shows a significant change in the...
- Research articles 2008-11-03
- A Primer on "Say on Pay"
- A Primer on "Say on Pay"say on payGovernment intervention in CEO compensation is fundamentally wrong and un-American. If the shareholders don't like the way a company is managed, they are free to vote with their wallets. It's just that simple. There are over 8000 stock listed on...
- Discussion threads 2008-06-24
- How to Ask for a Pay Rise (Even Now)
- Interesting timing on this posting from Australia about 'how to ask for a pay rise'. As Anne Barclay at HR Advantage notes, asking for a payrise at any time can be stressful. Asking for one in today's economic climate might seem plain ridiculous. Even so, if the...
- Blog posts 2008-10-21
- The Growing Disparity in Japanese CEO Pay
- Japanese companies, especially automakers, have long been praised for putting in good performances while keeping CEO pay low. But as Japanese firms swoop in to buy troubled American company assets, the inquities are becoming glaring. Consider that Mitsubishi UFJ Financial Group paid all of $8.1 million for 14...
- Blog posts 2008-11-28
- FedEx Delivers Pay Cuts to Save Jobs
- Against the sweep of layoffs on Corporate America, a few companies have taken pains to explain efforts to keep employees on their rolls. The latest, FedEx, announced a series a steps to "minimize job loss" while slashing costs. The package delivery and logistics giant, noting that it is facing "some...
- News items 2009-08-07
- A New Way to Pay
- In an uneven recovery, companies use pay mixes designed to maximize productivity and minimize costs. Every component - base salaries, merit increases, short- and long-term incentives - is under discussion. Although the standard practice for companies looking for lower fixed labor costs and higher productivity is to move more money...
- White papers 2005-10-24
- Millwood Public Schools rewarded for teacher performance pay system
- After months of legislative hearings and discussion about moving Oklahoma teachers to a pay-for-performance system, one northeast Oklahoma City school district was singled out on Wednesday as the model for such a program. Remington Park presented a $62,500 check to the Millwood Public Schools Enrichment Foundation, with $10,000...
- Research articles 2007-11-29
- High Tech Global Pay Increase Budgets Trending Upwards
- The latest results from Aon Consulting's Radford Surveys show the size of pay increase budgets trending upward for technology companies globally. In the U.S., increase budgets are moving up moderately this year, compared to last year, with overall budgets averaging 4.2 percent for combined merit, promotion, and adjustment increases. This...
- White papers 2005-06-24
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