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:
“There are few things more difficult than to appraise the work of a man suddenly dead in his youth; to disentangle “promise” from achievement; to save him from that sentimentalizing which confuses the tragedy of the interruption with the merit of the work actually performed.”
—Ezra Pound (1885–1972)
“Through a series of gradual power losses, the modern parent is in danger of losing sight of her own child, as well as her own vision and style. It’s a very big price to pay emotionally. Too bad it’s often accompanied by an equally huge price financially.”
—Sonia Taitz (20th century)