BNET Business Dictionary
Business Definition for: Merit Rating
- a payment system in which the personal qualities of an employee are rated according to organizational requirements, and a pay increase or bonus is made against the results of this rating. Merit rating has been in use since the 1950s. Unlike new performance-related pay systems, which focus rewards on the output of an employee, merit rating examines an employee's input to the organizationâ€"for example, their attendance, adaptability, or aptitudeâ€"as well as the quality or quantity of work produced. In merit rating programs, these factors may be weighted to reflect their relative importance and the resultant points score determines whether the employee earns a bonus or pay increase.
Additional Resources
- S&P Affirms Merit Life Insurance Co. 'AApi' Rating
- Business Editors NEW YORK--BUSINESS WIRE--S&P CreditWire Dec. 19, 2000--Standard & Poor's today affirmed its double-'Api' financial strength rating on Merit Life Insurance Co. Merit Life. The rating is based on the company's extremely strong capital and liquidity positions and solid operating results, partially offset by volatility in its...
- Research articles 2000-12-19
- Fitch Lowers 3 & Affirms 2 RMBS Classes from Merit MH Series 13
- NEW YORK -- Fitch Ratings has taken the following rating actions on Merit Securities Corp. Merit manufactured housing contract, Series 13: --Class A3 affirmed at 'AAA'; --Class A4 affirmed at 'AA-'; --Class M-1 downgraded to 'BBB-' from 'BBB+'; --Class M-2 downgraded to 'B' from 'BB+'; ...
- Research articles 2004-09-03
- National Merit Insurance Assigned BBBpi Rating by S&P
- NEW YORK--BUSINESS WIRE--Standard & Poor's CreditWire 10/13/98--Standard & Poor's today assigned its triple-'Bpi' insurer financial strength rating to National Merit Insurance Co.
- Research articles 1998-10-13
- MERIT Collateralized Bonds Series 14-1 Rated By Fitch IBCA
- NEW YORK--BUSINESS WIRE--Dec. 2, 1999-- MERIT Securities Corp.'s $363.1 million class 1-A collateralized bonds, series 14-1, are rated 'AAA' by Fitch IBCA. The `AAA' rating on class 1-A reflects the 3.76% credit enhancement provided by the subordination of the class 1-M, along with target overcollateralization. In addition,...
- Research articles 1999-12-02
- Fitch Downgrades 1 & Affirms 4 Classes From Merit Series 11
- NEW YORK -- Fitch Ratings takes the following rating actions on Merit Securities Corp. Merit, series 11: -- Classes 2A-3 and 3A-1 affirmed at 'AAA'; -- Class B-1 affirmed at 'AA'; -- Class B-2 affirmed at 'A'; -- Class B-3 downgraded to 'B' from 'BBB'. ...
- Research articles 2005-02-15
- Fitch Lowers 5 & Affirms 3 RMBS Classes From 2 Merit MH Issues
- NEW YORK -- Fitch Ratings has taken rating actions on the following Merit Securities Corporation Merit manufactured housing MH issues: Series 12-1 --Class A-3 affirmed at 'AAA'; --Class M-1 downgraded to 'BBB-' from 'A'; --Class M-2 downgraded to 'B' from 'BB-'; --Class B-1 downgraded to...
- Research articles 2005-08-17
- Fitch Ratings Lowers 2 & Affirms 1 RMBS Class from MERIT 11
- NEW YORK -- Fitch has taken the following rating actions on the MERIT Securities Corporation MERIT RMBS issue listed below: Series 11 --Class 3A-1 downgraded to 'AA' from 'AAA'; --Class B-2 downgraded to 'BBB' from 'A'; --Class B-3 affirmed at 'B'. The collateral in the...
- Research articles 2006-04-03
- Fitch Affirms 4 Classes from MERIT Series 12-1 RMBS Issue
- NEW YORK -- Fitch Ratings has taken rating actions on the following MERIT Securities Corporation MERIT RMBS issue: Series 12-1 --Class A affirmed at 'AAA'; --Class M-1 affirmed at 'BBB-'; --Class M-2 affirmed at 'B'; --Class B-1 remains at 'C/DR5' The collateral in the...
- Research articles 2007-10-05
- S&P Affirms Merit Life Insurance Co. 'AApi' Rtg
- NEW YORK--BUSINESS WIRE--Standard & Poor's-- Nov. 8, 1999-- Standard & Poor's today affirmed its double-'Api' financial strength rating on Merit Life Insurance Co. Merit Life Insurance Co. is a stock company based in Evansville, Ind. and licensed in 43 states, the District of Columbia and the U.S. Virgin...
- Research articles 1999-11-09
- Quality Management Series: The Deming Management Method
- This article discusses the various management techniques, or philosophies advocating what have become known as Total Quality Management. It is no longer the employee that is responsible for the quality, it is management. It provides fourteen points and follows with the seven deadly sins. Some of these are create constancy...
- White papers 2003-01-01
- Centre for New Black Leadership Urges Confirmation of Miguel Estrada Based on Qualifications and Merit
- WASHINGTON, Feb. 20 /U.S. Newswire/ -- Phyllis Berry Myers, president and CEO of the Centre for New Black Leadership CNBL, issued the following statement regarding the Senate's consideration of D.C. Circuit Court of Appeals nominee, Miguel Estrada: "Miguel Estrada should be confirmed by the U.S. Senate now. He has waited...
- Research articles 2003-02-20
- FITCH RATINGS MAINTAINS STABLE OUTLOOK FOR PHILIPPINES.
- MANILA, July 2 Asia Pulse - London-based Fitch Ratings, one of four major international risk rating firms, saw no merit in upgrading the country's international credit stature this year and maintained its "stable" outlook on the economy. The country's sovereign rating, as far as long-term foreign currency debts...
- Research articles 2002-07-02
- A.M. Best Affirms Ratings of American International Group Inc.'s Life/Health Insurance Subsidiaries
- OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A++ Superior of American International Group, Inc.'s AIG (NYSE: AIG) (New York, NY) core life/health subsidiaries. (See list below.) A.M. Best has also affirmed the financial strength ratings of A+ Superior of Merit Life Insurance Company (Evansville,...
- Research articles 2005-01-21
- Juniper Networks' SSL VPN for Small and Medium Enterprises Earns Top Award in Exclusive Lab Review by CRN Magazine
- SUNNYVALE, Calif. -- Scores for Juniper Networks' Channel Program and Technical Merit of its NetScreen RA-500 Earn Company the CRN Test Center 'Recommended' Rating
- Research articles 2004-10-25
- Brigadier General John French
- BRIGADIER GENERAL JOHN FRENCH Retired Feb. 1, 1970. Died Feb. 17, 1991. YEAR OF BIRTH: 1918 PLACE OF BIRTH: Dorchester, Mass. EDUCATION: Graduate, Flying School, 1941 Air Command & Staff School, Maxwell Air Force Base, Ala., 1950 Advanced Management Course, University of Pittsburgh, Pa., 1953 University...
- Research articles 2004-01-01
- Is Your Target Date Fund Missing the Mark?
- Target date funds have been getting a lot of attention lately, and not all of it is good. Part of the attention stems from their growing popularity. There were just 29 target date funds with total assets of $14 billion in 2002; today there are nearly 350, holding $150 billion...
- Blog posts 2009-05-11
- Obama Says We're Out of Money
- Last week, Standard and Poor's released a statement suggesting that the United Kingdom's sovereign credit rating was being reviewed. The statement was made on expectations that the UK's debt would approach or even exceed 100% of its annual GDP during 2009. Scary. Traders the world over saw...
- External links 2009-05-28
- 'Yankers' Cranks out ratings for Comedy. (Programming).(Comedy Central may renew its Crank Yankers show for next year)(Brief Article)
- Three weeks into its inaugural season, Comedy Central's outlandish Crank Yankers is calling up ratings performances strong enough to merit a potential return engagement next year, network officials said. The series -- in which puppets depict prank telephone calls made by...
- Research articles 2002-06-24
