In the long run, merit bonuses cost employers less than merit pay.

Name: In the long run, merit bonuses cost employers less than merit pay.
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Merit bonuses are given as a one-time payment and do not affect an employee's base salary. On the other hand, merit pay increases an employee's base salary, which means it is a recurring cost for the employer. Over time, the cost of merit pay can become significantly higher than that of merit bonuses.

In the Long Run, Merit Bonuses Cost Employers Less Than