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Christmas bonuses are back!

There might be something extra in your paycheck this month. A survey of 100 human resource executives, conducted by Challenger, Gray & Christmas, found that 64% of companies are planning to pay holiday bonuses this year, even though they're still worried about expenses in a market that remains difficult. We've clearly come a long way over the past 12 months. Hiring may not have resumed yet, but at least employers are showing that they appreciate their employees ... and are worried about losing them. At this time last year, only 54% were planning to toss a little extra to the staff for the holidays.

And, the bonus checks are getting bigger, at least for a few people. Eight percent of respondents indicated that they are amping up bonus pay, compared to none a year ago. But, 16% say they aren't paying bonuses this year, up from 13% in December 2008. Another 4% are cutting bonus check sizes.

Continue reading Christmas bonuses are back!

Holiday bonuses vary from generous to ... ice cream

what might my bonus be?The other night I was chatting up one of my friends, and mentioned that I'd be waiting for my bonus to decide how much I'd spend on a replacement camera. "The problem is," I said, "I have no idea about scale." I was thinking that, really, a bonus could be anything from 5% to 100% of your salary -- or more! The possibilties are endless.

She laughed, and started telling me stories. She comes from the nonprofit world, where ... well, let's just say that they aren't as generous as the i-bankers. One year she was making $36,000, and somehow she knew her Christmas bonus would be a percentage of her salary. She was realistic, hoping for maybe 5%! That would be nice. She kept waiting for the check to arrive, and one day casually mentioned it to her husband.

"Oh, I was wondering what that deposit for $36 was!" he said, laughing. 0.1%, to be exact.

But that wasn't the worst of it. A friend of hers was working for the Red Cross, and had set herself a monstrous goal for new donors. No one had ever achieved such a goal, but she thought she could do it, and she did! She and a co-worker were called before the board.

"We're really, really amazed at your achievement," they said. There were envelopes in their hands. She started thinking about what might be in them. Maybe $100! Or, even $200. So cool.

Continue reading Holiday bonuses vary from generous to ... ice cream

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Last updated: February 12, 2012: 03:36 AM

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