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The phrase used in your question is correctly punctuated. IT'S should only be used for the contraction of IT IS.

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10y ago
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1w ago

The sentence is correct grammatically. "One of the companies" is the subject of the sentence, and "gave" is the verb. "its employees" is the object receiving the action, and "a raise" is the direct object describing what was given.

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Q: What is the correct grammar for 'One of the companies gave its employees a raise'?
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