To calculate the merit increase based on your annual review score, we can use the given information that merit increases start at 0.5% for a score of 2.6 and increase by 1% every 0.4 points.
First, we need to determine the difference between your score and the starting score of 2.6:
3.4 - 2.6 = 0.8
Next, we divide this difference by 0.4 to determine the number of 0.4-point intervals:
0.8 / 0.4 = 2
Since each 0.4-point interval corresponds to a 1% increase, we multiply the number of intervals by 1% to find the total increase:
2 * 1% = 2%
Therefore, you will be receiving a merit increase of 2%.