merit pay plan

merit pay plan

[′mer·ət ¦pā ‚plan]
(industrial engineering)
Work performed for a set hourly wage that varies from one pay period to another as a function of the worker's productivity, but never declines below a guaranteed minimum wage.
References in periodicals archive ?
The start of the merit pay plan would be delayed until Jan.
They explain what merit pay is, problems with the current salary system and how merit pay might help, its history, evidence about what it can do for teachers and students, common criticisms and responses to them, guiding principles for reforming compensation programs, development and implementation timelines, and the framework of a merit pay plan, with example programs and sample materials.
The merit pay plan was later withdrawn, while voters rejected his tenure proposal.
Both the governor and state Education Secretary Richard Riordan, the former Los Angeles mayor, are racing around the state pushing hard for the merit pay plan.
Under an efficient merit pay plan in any industry, employers should be able to explain clearly why an employee did not receive merit pay and what he or she would need to do to get it.
The sample for the study consisted of approximately 1,500 employees who completed and returned questionnaires concerning the merit pay plan.
This paper had its genesis in an e-mail exchange between the authors about a news report on Mayor Gulliani's proposal to initiate a merit pay plan for New York City Schools (see, Berrafato, 2000; Brownstein, 2001).
The pay system was changed to a step raise system, eliminating the sliding merit pay plan.
The report notes that there are other factors that go into the employee's decision to remain with the firm, other than the merit pay plan.
In place were performance standards, performance appraisal ratings, and an annual merit pay plan.
Arnold Schwarzenegger's merit pay plan for public school teachers, but recently squelched talks on the matter fearing it would upset unions.
Millner's education plan released last December calls for hiring 7,500 new teachers to reduce class size, increase starting teacher pay to encourage "our best and brightest to enter the teaching profession," and expand the merit pay plan to promote teaching excellence.