Emerge with a pay increase (5)
I believe the answer is:
arise
'emerge' is the definition.
(thesaurus)
'with a pay increase' is the wordplay.
'with' says to put letters next to each other.
'pay increase' becomes 'rise' (I've seen this before).
'a' put next to 'rise' is 'ARISE'.
(Other definitions for arise that I've seen before include "W B Yeats: 'I will . . . . . and go now'" , "Get to one's feet" , "Originate; get up" , "Originate; stand up" , "Ascend" .)