Merit pay is a term describing performance-related pay, most frequently in the context of educational reform. It provides bonuses for workers who perform their jobs effectively, according to measurable criteria. In the United States, policy makers are divided on whether merit pay should be offered to public school teachers, as is commonly the case in the United Kingdom.
Read more about Merit Pay: History of Merit Pay, Effort Versus Selection, Loss Aversion and Merit Pay, Pros, Cons, Political Opinions
Famous quotes containing the words merit and/or pay:
“Persistence in a single view has never been regarded as a merit in political leaders.”
—Marcus Tullius Cicero (106–43 B.C.)
“Death can only be profitable: there’s no need to eat, drink, pay taxes, offend people, and since a person lies in a grave for hundreds or thousands of years, if you count it up the profit turns out to be enormous.”
—Anton Pavlovich Chekhov (1860–1904)