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.
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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.
Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.
