System
of rating
employees
on the basis of factors
such as absenteeism,
adaptability,
attitude,
health,
length of
service, punctuality, and safety
record. It is a Computing
premium
on a policy
(such as for auto insurance) on the basis of an insured's
loss
record.
The main objectives for merit rating:
1. employee rating
achieved through a periodic employee evaluation system, often used as the basis
for pay increases and/or promotion.
2. rating achieved on a
standard civil-service type merit examination, signifying the level of
achievement on the exam.