Workers expecting a holiday bonus this year should not get their hopes up too high. An article on CNN says only 59% of employers plan a holiday bonus and of the 31% of employers giving a bonus only 13% are giving a cash bonus.
Fifty-nine percent of companies say they won't be giving out holiday bonuses in any form this year. And of those that will, only 13 percent said they will be giving out bonuses in cash.
The rest will opt to give food gifts, gift certificates or retailer gift cards, according to a survey released Monday by Hewitt Associates.
Among the companies that said they would be giving cash, the average holiday bonus planned is $683, but the cash bonuses slated range between $25 and $2,500.
Employers said they would spend between $10 and $150 on gift certificates; $10 to $50 for food gifts; and $10 to $100 on retailer gift cards, according to Hewitt's survey.
The article also said that 9% of employers are giving some or all of the money typically allotted as bonus money to charitable organizations which is kind but probably not what hard working employees want to hear.
