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:
“Our impartiality is kept for abstract merit and demerit, which none of us ever saw.”
—George Eliot [Mary Ann (or Marian)
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—John Kenneth Galbraith (b. 1908)