Meaning of “ratchet sth up” in the English Dictionary

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"ratchet sth up" in Business English

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ratchet sth up

phrasal verb with ratchet uk /ˈrætʃɪt/ us verb

to increase something in controlled stages over a period of time:

The constant ratcheting up of rewards for executives means they are expanding out of all proportion to those of other staff.

(Definition of “ratchet sth up” from the Cambridge Business English Dictionary © Cambridge University Press)