So you've checked Grandma, Uncle Charley and Cousin Tyler off your Christmas list. But have you thought about putting anything extra in your employees' stockings this holiday?
Holiday bonuses and gifts for employees have bounced back after bottoming out a few years ago. In fact, 45% of organizations now award gifts or bonuses to at least some of their employees, well above the 33% reported in 2009, according to a Bloomberg BNA survey.
Most employees say they’d prefer cash (see box below), but padding paychecks isn’t the only way your organization can say “Happy Holidays!” Consider these wise alternatives from our December issue of The HR Specialist newsletter:
1. Offer extra paid time off. Free up a day for employees to spend shopping or running holiday errands. Close up early on Christmas Eve and New Year’s Eve. Or surprise everyone with an extra day or two off before Christmas or between the two holidays without ...(register to read more)
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