Just in time for the holidays, employers are rewarding their employees in a number of ways. According to a new CareerBuilder survey, 54 percent of employers plan to give employees holiday bonuses this year – the same as 2015 – but 15 percent say the bonus will be greater than last year.
In addition, 46 percent of employers plan to give their employees gifts this year – on par with last year, while 69 percent of employers say they will be throwing a holiday party for employees this year – up 3 percent from last year.
What Does This Mean For You?
More than half of your competitors are offering bonuses this holiday season, not to mention a percentage of them are raising the amount being offered. The competition to attract – but also retain – talent is as fierce as ever, and many companies are loosening the purse strings to show employees they matter in a variety of ways.
What are you doing to reward and retain your top talent? Will you be offering holiday bonuses? Are you going to discuss raises for the coming year? Holding on to your A-players is still as important as ever, so don’t let it take a back seat in terms of what your priorities are this year.