The end of holiday bonuses?
December 7, 2005
Hewitt reports on the results of a small survey of Canadian compaines in which 66% of companies surveyed said they had no intention of paying out holiday bonuses. Instead, bonuses are being tied to performance because, among other things, "organizations remain under tremendous pressure to deliver results, and variable pay plans continue to be the most effective way to reward employees for their role in helping the company to succeed." Interestingly enough, more American than Canadian companies are still paying holiday bonuses - 41% versus 33%.
What’s your company doing for bonuses this year?
Another interesting tidbit from the release is that 82% of Canadian companies are planning holiday parties this year with median expenditures of $70 per person. Not bad, eh.
Thanks to Nicole for the pointer.
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