Holiday Bonuses Return for 2016

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Small business owners are feeling financially stable in 2016, rewarding employees with holiday or year-end bonuses.

The November 2016 SurePayroll Small Business Scorecard notes more than 60% of small business owners will offer bonuses this year, representing an increase from last year when only 52% were offering additional pay.

Approximately 29% said the amount they would give was negatively impacted by macroeconomic events, compared to 36% two years ago.

Optimism is also on the rise this year, with 75% saying they’re optimistic about the economy compared to 68% last November.

“This appears to be part of a trend we’ve been seeing for a while, as small business owners reported meeting and exceeding their goals financially,” said SurePayroll General Manager Andy Roe. “Aside from last month when optimism was fairly low, optimism and more specifically profits have been steady. Now they’re rewarding their employees accordingly.”

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ADVANCE Staff

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