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Unformatted text preview: y from regular pay. Distinguish merit raises from cost­of­living raises. Withhold merit payments when performance declines. Lump­Sum Merit Pay Lump­Sum Merit Pay Lump­Sum Merit Program Program under which employees receive a year­end merit payment, which is not added to base pay. Advantages: Provides financial control by maintaining annual salary expenses and not escalating base salary levels. Contains employee benefit costs for levels of benefits normally calculated from current salary levels. Incentive Awards and Incentive Awards and Rec...
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This note was uploaded on 02/04/2014 for the course MANA 3320 taught by Professor Boston during the Fall '07 term at UT Arlington.

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