More employers paying year-end bonuses

Getting a little something extra in your stocking this holiday season?

Not from the family. From the boss.

Lots of workers are.

A survey of HR execs shows 72 percent of employers plan on offering some kind of year-end bonus to their employees.

Of note: That’s way up from last year when only 53 percent did.

In addition, 17 percent of employers said they’ll reward certain workers with performance bonuses.

So what’s with all the generosity?

“Many companies enjoyed increased profits this year, along with increased productivity,” said John A. Challenger, CEO of Challenger, Gray & Christmas, the outplacement consulting firm that conducted the survey of about 100 human resources pros.

“The fact that they achieved that without a rapid acceleration in hiring or capital investment means that existing employees were asked to deliver better results with fewer resources,” he added. “Even with many companies still not enjoying pre-recession business levels, it is clear, at least among our small sampling of employers, that they are duly recognizing the hard work and achievements of their workforce.”

7 comments Add your comment

Humbug2012

December 19th, 2012
11:25 am

I haven’t gotten a bonus for two years and have to work on Christmas Eve. I think my employer may be the only law firm in town who will be open on Christmas Eve. Bah Humbug.

mystery poster

December 19th, 2012
12:43 pm

I work in education, no bonus for me.

heck no

December 19th, 2012
2:25 pm

I have taught for 23 years and never received a bonus, though our system gives us a furlough day back and pays it in the holiday check so we feel better……………..

justathought

December 19th, 2012
4:13 pm

But you work 9 months and get paid for 12. Seems like a nice bonus to me.

amanda stewart

December 20th, 2012
8:26 am

And you don’t have to participate in social security and you will get a pension.

Dean Smith

December 22nd, 2012
8:44 pm

Teachers work roughly 190 days and are paid only for those “contracted” days worked. The 12 month pay cycle is a budget only pay scheme. Most school systems do require social security input and “yes” most offer a pension.

Mickey D

December 26th, 2012
11:51 am

You seemed to be a little uninformed about SS. Some systems may elect to not pay SS, not all. Also, employees fund half of the TRSGA by paying 5.5% of their salary into the account.