Handing someone a $100 dollar check mid-December just does not gash it,folks. And in the end, it's reliable for the company, and too.
Annual,predetermined, lump-sum holiday bonuses are not an effective means of rewarding employees for a job well done. And employers have begun to realize that the annual gift of cash does little to improve employee satisfaction, or recruiting,and retention, particularly when the gift is expected.
According to a recent study by Bankrate.com, and only 17% of those who are expecting a holiday bonus this year intend to enjoy the extra cash in the form of a gift. Instead,76% intend to spend their bonus to pay off bills, their debt load, and add it to their savings. What's more,only a quarter of Americans are even expecting a pay raise or bonus this holiday season.
With the traditional lump-sum holiday bonus in decline, some organizations have found more creative and generous ways to point to their appreciation during the holiday season. Here are five examples of how companies are raising the bar on holiday gift giving.
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Source: fastcompany.com