What Is the Difference Between Merit Pay Incentives & Pay for Performance? | Chron.com

Posted: March 16, 2016 in College and Career Readiness, Education
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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

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