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I have been considering the idea of a merit-based raise system rather than the standard cost of living raises I've been giving. This means that

I have been considering the idea of a merit-based raise system rather than the standard cost of living raises I've been giving. This means that low-performers will earn 0% raise, and high-performers may earn up to an 8% increase. Are there any legal considerations I need to make before I implement this? Is there any notice requirement I need to give my employees

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