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:
“A continual feast of commendation is only to be obtained by merit or by wealth: many are therefore obliged to content themselves with single morsels, and recompense the infrequency of their enjoyment by excess and riot, whenever fortune sets the banquet before them.”
—Samuel Johnson (1709–1784)
“Our responsibility as privileged human beings is to pay back for the opportunities we’ve received.”
—Kathryn Anastos (b. 1950)