Year-end bonuses to rise: Survey
42 per cent of managers predict wintery windfall for employees
12/18/2017|payroll-reporter.com|Last Updated: 01/03/2018
A pedestrian takes pictures of festive decorations and illumination lights set up for the holidays in Moscow, Dec. 18. REUTERS/Grigory Dukor
For many workers, 2017 will end on an extra merry note.
Nearly half of senior managers (42 per cent) said they expect year-end bonus levels to be at least somewhat higher than 2016, according to a Robert Half survey of 300 Canadian managers.
Just eight per cent of respondents reported bonus amounts will decrease, while 33 per cent anticipate no change.
"Employee bonuses, whether monetary or otherwise, go a long way in demonstrating to workers that their contributions to the business are both recognized and valued," said Greg Scileppi, president of Robert Half International Staffing Operations.
"If monetary bonuses are not an option, consider alternatives like gift cards, additional time off or wellness benefits to recognize staff. Whatever the gesture, thanking your team for their efforts over the year can help keep them engaged, motivated and loyal advocates for the organization."
A parallel company survey of 700 HR professionals in North America found workers' performance typically plays only part of the role in determining their bonus.
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