Less than half of U.S. companies that offer year-end bonuses plan to increase them
Topics: U.S. COMPANIES BONUSES
More than three-quarters of senior managers polled (76%) said their company offers year-end bonuses.
Of those respondents, almost all noted that their organizations plan to either increase these incentives (48%) or keep them the same (48%) this year.
Only 4% of executives anticipate reducing the amount given to employees.
In a separate survey of workers, 52% said they expect a bonus this year.
Professionals have a variety of plans for the extra money, including putting it toward long-term savings (52%), a vacation in the new year (47%), holiday shopping and paying off debt (46% each). ■