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Most Small Businesses Are Handing Out Bonuses This Year

Published

7 years ago

December 25, 2016

INSTORE Staff

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.

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.

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