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We live in a world where talent is both a company’s greatest asset and its fiercest weapon. And so, the question of how to reward talented employees is raised more often than you think. Enter the merit increase, a performance-driven pay rise that promises to bridge the gap between effort and employee recognition. It’s much more than a mere salary increase; it’s a strategic tool that can inspire a workforce, retain top talent, and align individual ambition with company success. But what is a merit increase? And how can employers wield it effectively to retain
top talent? In this comprehensive