Creative Ideas for Rewarding Your Employees
Friday, December 19th, 2008
As the economic downturn looms over the upcoming holiday season, companies are coming up with ever-more creative ways to thank their employees. Even if your budget can no longer afford to give hefty bonus checks or throw lavish parties, it’s still better to show at least some appreciation for a year of your employees’ hard work than to ignore it completely.
A recent Careerbuilder.com survey that asked 3,000 hiring managers and HR professionals shows just where companies are cutting back on end of the year employee recognition:
- One-third (34 percent) of employers planning to give holiday bonuses will pay out the same amounts or less this year than in past years
- Of those employers decreasing bonuses, more than half (54 percent) plan to decrease by at least 10 percent
- A whopping seventy-four percent of employers decreasing bonuses will lower amounts up to 25 percent
- One-third (29 percent) of employers planning to give gifts to employees say they will spend the same or less this year than in the past
- Seventeen percent of employers plan to cut back on the celebrations this holiday season



