Connect with us

Headlines

Most Small Businesses Are Handing Out Bonuses This Year

mm

Published

on

The number is up from two years ago.

Are you handing out year-end bonuses this year?

If so, you have lots of company, Employee Benefit News reports.

Among small businesses, about 64 percent of owners say they plan such rewards this year. The statistic comes from a November 2016 survey conducted by SurePayroll, an online payroll service provider. 

The number is up significantly from 2014, when only 52 percent of owners were planning holiday bonuses.

Just under half (49 percent) will also give gifts to their employees, according to SurePayroll.

Small-business owners are feeling better about the nation’s economic condition, according to the survey. Three-quarters of those surveyed said they were optimistic. That was compared with 68 percent a year ago.

Advertisement

Employee Benefit News quoted Andy Roe, general manager for SurePayroll, saying: “Aside from last month when optimism was fairly low, optimism and more specifically profits have been steady.” 

Now, he said, small-business owners are “rewarding their employees accordingly.”

Read more at Employee Benefit News.

 

 

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

When Liquidation Is the Best Option, This Legendary Jeweler Chose Wilkerson

George Koueiter & Sons Jewelers, a 65-year old jewelry institution in Grosse Pointe, MI, had always been a mainstay in this suburban Detroit community. But when owners George and Paul Koueiter were ready to retire, they made the decision to close rather than sell. “We decided our best option to do the liquidation sale was Wilkerson,” says Paul Koueiter. The results, says George Koueiter, exceeded expectations and the process was easy. “Wilkerson just kept us in mind,” says George. “They never did anything without asking and whatever they asked us to do was just spot on.”

Promoted Headlines

Most Popular