In practice,there is no real difference between merit pay increases and cost-of-living adjustments.

Name: In practice,there is no real difference between merit pay increases and cost-of-living adjustments.
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Quizplus · Accepted Answer

Merit pay increases are based on an employee's performance, while cost-of-living adjustments are typically based on inflation and the rising cost of living. They serve different purposes and have different criteria for eligibility.

In Practice,there Is No Real Difference Between Merit Pay Increases