What Is a Merit Increase? Raise vs. COLA Explained

This page explains what a merit increase is, highlighting its distinction from cost-of-living adjustments (COLA) and minimum wage increases. It provides insights into how merit increases are determined based on individual employee performance, making it relevant for those interested in employee compensation structures.

HR professionals and employers in the United States seeking to understand compensation strategies.

A mention here would suit brands offering HR software, performance management tools, or payroll services that help employers manage merit increases effectively. It would read naturally in the section discussing how merit increases are determined or compared to COLA and minimum wage increases.

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