MERIT RATING
\mˈɛɹɪt ɹˈe͡ɪtɪŋ], \mˈɛɹɪt ɹˈeɪtɪŋ], \m_ˈɛ_ɹ_ɪ_t ɹ_ˈeɪ_t_ɪ_ŋ]\
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1. In Insurance, this is the basis of an insured's loss record such as for auto insurance used in computing premium on a policy. 2. In HR, this is using absenteeism, adaptability, attitude, health, length of service, punctuality, and safety record as factors in an employee rating system .
By Henry Campbell Black
