What is merit pay? Do you think it is a good idea to award employees merit raises?

What is merit pay? Do you think it is a good idea to award employees merit raises? Why or why not? Are there potential downfalls to such an approach?

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Dessler, G. (2023). Human Resource Management (17th ed.). Pearson Education (US). https://ccis.vitalsource.com/books/9780137927357