Better if the employees had received pay raises instead of a one-time bonus ...
Maybe. Maybe not. It'd take a long time in terms of pay raises to aggrandize that $20K.
A bird in the hand is worth two in the bush ... so to speak.
Just consider what the recipients could now achieve with such a lump sum.
A raise would be for
future service by those who stayed around long enough to earn it out...more or less gratuitous.
This was for
past service...
already earned...given in the true spirit of giving.
That was the point of it.
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