What Is the Difference Between Merit Pay Incentives & Pay for Performance? | Chron.com
Posted: March 16, 2016 in College and Career Readiness, Education
Tags: career, college and career readiness, incentives, motivation, pay, PBIS, performance, positive behavior, rewards, work
Merit pay and pay for performance are related but not exactly identical terms. Merit pay incentive plans reward performance by increasing the employee’s salary on a long-term basis. Other forms of pay for performance reward employees without increasing their salary. All forms of pay for performance are designed to motivate employees to meet performance goals.
Source: What Is the Difference Between Merit Pay Incentives & Pay for Performance? | Chron.com