When considering whether to use merit pay increases or merit lump sum bonuses, an organization should consider that

Select one:

a$.$ Bonuses generally cost the organization less because the payout doesn't permanently increase labor costs.

b$.$ Merit pay increases occur once and do not have a lasting impact on the employee's compensation.

c$.$ A lump sum bonus increases the employee's compensation each year.

d$.$ Merit pay increases look forward in order to provide an incentive for the employee to perform in the future.