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Not the same but similar ---- Netflix, Lear, and a few others have stopped giving merit increases --- they just adjust when they need to in order to make sure salaries keep up with market. They give bonuses instead. Not using the full spectrum of recognition awards --- but maybe moving in that direction?

Spot awards are agile and allow supervisors to respond immediately to current needs and new circumstances. Annual incentives tend to be ponderous dinosaurs frozen in time but beloved by CYA-conscious executives.

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