What does meritocracy in a workplace context refer to?

In a workplace context, meritocracy refers to a system that rewards individuals based on their skills, abilities, and performance rather than factors such as tenure, personal relationships, or competition. In a meritocratic environment, employees are evaluated and compensated in accordance with their contributions and achievements. This approach encourages a culture of hard work and excellence, as individuals strive to improve their skills and deliver results to advance in their careers.

Meritocracy leverages the idea that the most talented and capable employees should rise to the top, fostering an environment where everyone has the opportunity to succeed based solely on their merit. This helps to create a fair and equitable work environment, where productivity and talent are recognized and rewarded.