Follow us on twitter
Search:
hrreporter.com
Dec 3, 2012

One-quarter of employees expecting year-end bonus

60 per cent anticipating same amount as 2011: Survey
    
EmailPrintReprint/Copyright 
PAID ADVERTISEMENT

Despite a challenging economic environment, one in four Canadians in the workforce expect to receive a year-end bonus, according to a BMO survey. For employees who are eligible at their workplace to receive a bonus, 44 per cent expect to receive one, up from 29 per cent last year.

Of those who believe that they are likely to receive year-end compensation, 60 per cent anticipate it will be the same as last year, 26 per cent believe it will be more, and only 14 per cent think it will likely be less than last year, found the survey of 1,000 people.

Will you receive a bonus this year?

National

ATL

QC

ON

MB/SK

AB

BC

Likely

26%

25%

23%

32%

22%

29%

17%

Not very likely

16%

26%

15%

15%

21%

15%

13%

Not at all likely

17%

16%

12%

17%

22%

20%

26%

Size of bonus compared to 2011

National

ATL

QC

ON

MB/SK

AB

BC

Same

60%

51%

60%

65%

47%

69%

37%

More

26%

28%

22%

22%

38%

28%

48%

Less

14%

21%

19%

13%

15%

3%

15%

When employees who are eligible to receive a holiday bonus were asked what they would do with the money, 26 per cent indicated they would save or invest the money, 25 per cent would use the money to pay down household debt (including a mortgage, credit cards, auto loan, or personal line of credit) and 20 per cent said they would use it to pay for holiday spending.

© Copyright Canadian HR Reporter, Thomson Reuters Canada Limited. All rights reserved.
    
EmailPrintReprint/Copyright