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Merit pay is a compensation strategy that is used to motivate employees with pay increases for positive performance outcomes. This system is one that is heavily debated among businesses throughout a wide variety of industries. Every business has its own unique structure and culture, and must decide what payment system works best for them based on a set budget developed from salary reports. If you are thinking about establishing a merit pay system for your company, it is important to understand both the pros and the cons:

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Top Stories: Lodging & Gaming
Blue Harbor Event Offers Students Introduction To Hospitality Industry
The purpose of the event was to expose students to careers in the hospitality field by giving them hands-on learning experiences and a chance to ask questions of professionals, said Jon Weiss, LTC hotel and hospitality management instructor.
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Hoteliers Lose That Personal Touch
The age of hotel managers wandering visibly throughout their property and interacting with guests and staff is giving way to the age of desk-tied managers hunched over reports and figures -- more focused on data than people.
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Tips for Getting a Hospitality Job at a Casino
The best practices for getting a job as a component of the gaming staff of a casino hall or other entertainment venue vary slightly from other hospitality positions in other jobs.
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Unions Are Dying. What Comes Next?
Union membership has fallen to a record low yet again. Just over 1 in 10 workers are in a traditional union. If you look at private sector workers only, the number is just 6.6 percent. But there is a role for workers' organizations. It's just that that role is changing. 
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Top Stories: Healthcare
Moody's: Outlook For Us Not-For-Profit Hospitals Remains Negative
The outlook for the US not-for-profit hospitals in 2013 continues to be negative, says Moody's Investors Service. Although revenue growth will remain positive, Moody's expects the rate of this growth to diminish.
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Kaiser Tops California Health Insurance Market
Nonprofit healthcare giant Kaiser Permanente had a 40% share of California's $59-billion health insurance market for employers and individuals. Nationwide, WellPoint had the largest share with 14% and UnitedHealth was second with 12%.
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Why Immigration Reform May Be Good For Health Care
The financial burden illegal immigration has posed on the American health care system has been a chronic social problem for decades. Studies estimate that the 11 million people that fall into this population cost federal and state governments more than $10 billion a year in health care expenditures.
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Top Stories: Human Resources
Healthcare Firms to Use More Temp Employees
More U.S. healthcare organizations plan to use temporary workers this year than last, according to CareerBuilder's annual healthcare job forecast survey. It found 36 percent of healthcare employers plan to hire temporary and contract workers in 2013, up from 34 percent last year
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The 3 Big Faults Sales Finds with HR
HR professionals can become partners with their Sales Professionals by addressing misperceptions and learning how to support the priorities of the sales force.
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IBM Makes a Play For The CMO And HR Pros
IBM focuses on the consolidation of human resources with social software technologies. Oracle, SAP and Salesforce.com are all fighting for this market.
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Recess Appointments to NLRB Violated Constitution
President Barack Obama violated the Constitution by making appointments to the federal labor board without Senate approval, a U.S. appeals court said in a ruling that calls hundreds of board decisions into question and may extend to the head of the new consumer finance agency.
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WageWatch provides valuable compensation and salary surveys online across multiple industries and geographic markets to human resource professionals, hiring managers, associations, employers, and other executives at the best price. Our cost-effective online salary and compensation surveys and reports are designed to help employers with hiring employees, employee retention, employee pay and recognition, employee benefits, budget planning, market pricing jobs and salary range decisions.
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