Holiday bonuses are out; performance pay is in — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Holiday bonuses are out; performance pay is in

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Holiday bonuses are becoming less of a holiday tradition, as 59 percent of employers won't award them this year, says a new Hewitt Associates survey. "Employers recognize that the value in tying awards to performance, as opposed to the holidays, better connects employees to the company's goals," says Hewitt. Of employers giving holiday bonuses, 44 percent will give food, 37 percent will give gift certificates and 13 percent will give cash. Party on: Nearly three-quarters of employers plan to host a holiday party.

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