Skip to main content

Even with higher economic confidence, employers are reining in holiday bonuses: Poll

[ad_1]


Stronger corporate profits and increased economic confidence among employers may not translate to an end-of-year cash bonus for workers.





Thirty-nine percent of companies will be awarding a cash bonus this year, according to a new survey from outplacement firm Challenger, Gray & Christmas. The new numbers, based on a survey of about 150 human resources executives in October and November, fell from 41 percent who said their companies would award a companywide or performance-based cash bonus last year.



Worse for employees is that 35 percent of respondents said their companies will be offering no year-end award at all. That's 5 percentage points higher than the 2016 figure of 30 percent.




"These results are surprising, given the tight labor market," the firm said in a press release. "Year-end bonuses are a reliable way to attract and retain talent."



Among the remaining pool of employees who can look forward to a year-end bonus, only a small fraction will see a heftier check this year than they did in 2016. Eight percent of employers plan to increase the bonus amount from the prior year, down from 18 percent who reported an increase in the 2016 survey.



Even as 87 percent of employers say that the economy is better or the same as it was last year, 80 percent plan to give the same amount in holiday bonuses that they did in 2016.



The U.S. unemployment rate fell to 4.1 percent in October, and the broader measure that includes discouraged workers dropped sharply to 7.9 percent. The data suggest that Americans are finding more opportunities in the economy, which would normally make employers more competitive to hold on to their workers.



"Employee recognition is becoming increasingly important if companies want to keep their workers," Challenger said.





[ad_2]

Share & Written By CNBC

Comments

Post a Comment

Popular posts from this blog

Ice technicians are the secret stars of the Winter Olympics

[ad_1] The emphasis of this year's two-week-long Winter Olympic Games has been placed squarely on the Olympians themselves. After all, the stated purpose of the international competition is to bring together the world’s greatest athletes in a nail-biting competition across fifteen different winter sports. But before the curlers, skiers, and skaters even arrived in Pyeongchang, South Korea, the Olympians of the ice technician world were already a few weeks deep in a competition of their own. Mark Callan of the World Curling Federation and Markus Aschauer of the International Bobsleigh and Skeleton Federation both say they’re hoping to make the best ice the Winter Olympics have ever seen. To transform the barren concrete jungle of existing tracks and arenas into an ice- and snow-covered wonderland is an enormous undertaking. And it takes a keen understanding of the physics and chemistry that keeps frozen precipitation pristine. Curling Callan has been making and maintaining ic...
Post a Comment
Read more

How to avoid the mid-movie bathroom break

[ad_1] Long movies and the urge to pee have been linked since the early days of cinema. Sixty-three years before Avengers: Endgame and its three-hour runtime, moviegoers settled in for nearly four hours of The Ten Commandments . “There will be an intermission,” director Cecil B. DeMille announced during the movie’s introduction. And audiences’ bladders were relieved. On average, movies aren’t getting longer, but they also don’t come with a predetermined bathroom break. That means when nature calls, you’ve got to either sit in growing discomfort or gamble on the best time to run to the restroom. But it doesn’t have to be this way, and for most people, setting your body to “do not disturb” is fairly simple. Go before the show The first piece of advice is also the easiest: pee before the movie starts. Generally, healthy adults urinate every 3-4 hours, so the longer a movie runs, the more urgent it becomes to reset your internal p...
Post a Comment
Read more

Charted: Here's how much your food waste hurts the environment

[ad_1] Our species is pretty good at wasting food. Some we discard at the farm for being undersized or oddly shaped. Others we allow to decay in their shipping containers, thrown away before they even reach shelves. We leave even more foodstuffs wasting away in grocery stores, often by letting it sit there until it reaches its sell-by date. As consumers, we don’t have much control over most of the process that brings our food to the grocery store, but we do have control over how much food we personally waste. Let's face it: We’ve all found liquified lettuce in our veggie drawers. Don't fret. It's arguably impossible to consume 100 percent of the food we buy. But a healthy reminder of the effect food waste has on the environment might help us all to be more conscious of the amount of food we eat—and don't eat. Consumer food waste varies extensively depending on the area. In South and Southeast Asia, the Food and Agriculture Organization (FAO) estimates that only around ...
Post a Comment
Read more