What is a consequence of lump-sum merit raises?

A) higher costs versus merit raises
B) lower budgets
C) increased performance standards
D) no merit-based increase in base pay

Question

What is a consequence of lump-sum merit raises?A)  higher costs versus merit raisesB)  lower budgetsC)  increased performance standardsD)  no merit-based increase in base pay

Janessa Adams · Accepted Answer

Final Answer : D, Explanation :  Lump-sum merit raises are one-time payments that do not increase an employee's base salary, unlike traditional merit raises that increase the base pay, affecting future salary calculations and potentially increasing costs for the employer over time.

What is a consequence of lump-sum merit raises?

A) higher costs versus merit raises
B) lower budgets
C) increased performance standards
D) no merit-based increase in base pay

Definitions

Learning Objectives

Learning Objectives

Related questions