’Tis the season to be confused, at least among businesses considering whether to give out holiday bonuses.
Primarily, these employers are uncertain and perhaps even pessimistic about holiday sales, surveys tell us, and fewer of them are planning to give their employees bonuses this holiday season than last year.
2. Everyone gets a gift or bonus.
4. Gifts don’t have to be the same as last year.
If you have a good internal communications system, people will know by November how the company has done this year. They will, in general, understand that holiday bonuses may vary in “value” from year to year. If you simply can’t justify a holiday bonus or gift after years of handing them out, let employees know in advance that this will be the case. A better bonus around the holidays is always good news; a lesser one, or none at all, should never come as a just-before-Christmas surprise.
5. Giving time off counts, too.
If you can’t afford a monetary or alternative type holiday gift, you can always offer employees a day or two off around the holidays to recognize their efforts during the year. This can also become your holiday recognition, if you want to change things up or don’t have a regular holiday bonus plan (you’re a startup, for instance). Many employees appreciate paid time off in lieu of other types of holiday recognition.