Merit increase form 2025

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The document is a Merit Salary Increase Form for Tennessee State University, designed for various employee types including faculty and management. It requires details such as employee name, department, hire date, performance evaluation date, and overall numerical rating. The form also prompts for a description of performance justifying the merit pay increase and includes sections for approvals from department heads, division heads, deans, and the president.

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What is a reasonable merit increase?

Agree. 3% is a very normal increase in most companies, presuming you are in the US. It is not meant to be life changing. Its basically an adjustment that keeps your salary level assuming inflation averages around the same -- at least in the long run, not counting the post-covid boom.

How do you write up a merit increase?

Dear [Employee name], This notice serves to advise you of a merit increase in [wage/salary] in the amount of [dollar amount or percentage of your base pay]. The effective date of this increase is [date] and the increase in pay will appear in in your paycheck dated [date].

What is a typical merit pay increase?

It is standard for companies that take good care of their employees to award top performers with an increase in the neighborhood of 3% to 5% on an annual basis.

Is a merit increase of 3% good?

One, ask for a specific dollar amount or percentage. A common adjustment is in the 3% to 5% range. Now, that doesnt always mean you shouldnt ask for more, but its important to keep it reasonable. Two, research the market in multiple ways, including reviewing salary websites that provide broad data.