MIT is committed to retaining its many talented employees. Studies show that one of the most effective ways to retain top performers is to reward them based on job performance.
Managers can reward performance most effectively by carefully distributing their merit pool. Merit increases can be used to recognize an employee's performance, contributions, and past year's achievements.
In considering merit increases, you may find it helpful to visit:
The Compensation Office, in conjunction with appropriate MIT senior leadership, develops initial recommendations for each of the Institute’s various staff categories.
|Category||Review Eligibility (on or before)||Effective Date of Increase|
|Sponsored Research Staff
||July 1||January 1|
||When start date is on or before the last Monday in November.
Example: If April 1 falls on a Tuesday, the increase is effective for the pay period beginning Monday, March 31.
|Beginning of the pay period closest to April 1.|
|Administrative and Medical Staff
||January 1||July 1|
|Faculty and Other Academic Staff||Date of hire||July 1, if actively employed.|
NOTE: Review increases are effective on July 1 for Service Staff
See more information on the annual performance review and merit increase schedule.