Holiday Bonuses Are on the Upswing This Year
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Holiday Bonuses Are on the Upswing This Year
A growing number of companies intend to give employees holiday bonuses in December, and the average size of the bonus is likely to be bigger than last year's. -
Generous Spirit
75% of HR and hiring managers surveyed said their company intends to give employees holiday bonuses in the form of compensation this year, up from 67% in 2015. -
Stocking Stuffer
Companies plan to give employees, on average, $1,081 in bonuses, up from $858 a year ago. -
Deferred Compensation
39% of organizations that are not giving holiday bonuses intend to give employees other perks, and 22% said they'll likely give bonuses at some time during 2017. -
Individual Effort
82% said employees can improve their chances of getting a bonus through their own actions and behavior. -
Improvement Plan: Inspiring Suggestion
54% of HR and hiring managers said employees can increase the likelihood of getting a bonus if they stay motivated throughout the year. -
Improvement Plan: Happy Face
45% said professionals can boost their chances of getting a bonus by being more positive and upbeat. -
Improvement Plan: Extra Effort
34% said workers can put themselves in a better position for a bonus by volunteering to take on additional job duties. -
Improvement Plan: Gentle Reminder
23% of HR and hiring managers said employees can increase the likelihood of a bonus by reminding management of their accomplishments. -
Looking Ahead
29% of survey respondents said they started the recruitment process for 2017 in October, and 21% began in November.
'Tis the season for … a large chunk of extra cash? That may be the case if you've been a "nice" employee this year. In fact, a growing number of companies intend to give their employees holiday bonuses in December, according to a recent survey from Accounting Principals. What's more, the average size of the bonus is likely to be bigger than last year's, sometimes reaching the four-figure level. Even the organizations that aren't providing a bonus during the holidays are looking to give employees something, such as perks or bonuses that will be awarded at another time of the year. The report also states that employees can boost their chances of earning a bonus by staying motivated and having a positive attitude. It would also help by volunteering for additional job duties in order to demonstrate that you're a committed team member. In providing additional insights into organizations' recruitment plans, the survey also indicates that, if you're planning to land a new job in 2017, you should start looking now. An estimated 500 U.S. human resources or hiring managers took part in the research.