I know it’s only August, and we’re still in the grips of the summer heat, but the holidays will be here before you know it.
I bring this up because I was recently asked about holiday bonuses. I’ll share my thoughts and ask you for yours via the comments at the end of this post.
Are holiday bonuses good idea?
I was always a fan of holiday bonuses because they are a way of giving back to those that make your lifestyle possible. Add in the fact that I really LOVE the holiday season and it was a no-brainer for me. I know that not everyone shares my thoughts on this matter.
The guy I leased space from for my office was totally against it. He thought that every good deed he tried to do (Bonuses, free Thanksgiving turkey’s and holiday parties etc…) was just a waste of cash because all the employees did was complained that they should have gotten more money instead of a party and some small bonus.
Having worked in a few places before starting my cleaning business, I know that kind of talk among employees goes on, but there is nothing you can do about it. My view is that on the whole you can only do the best you can do as a business owner. And besides, it’s the thought that counts!
How much should a holiday bonus be?
When I first started out, I kept it all very simple. I didn’t have a lot of money so I just gave out ten or twenty bucks worth of lottery tickets, or maybe some Dunkin Donuts gift cards or something along those lines. I tried to scale it so the more someone worked, the more the bonus was.
As my company grew I started increasing the bonuses. My goal each year was to give everyone one weeks pay at Christmas. If they worked ten hours, they got ten hours as a bonus, if they worked twenty, they got twenty and so on. Sometimes I made my goal and sometimes I didn’t, but that is what I was aiming for.
So now it’s time to ask your opinion on giving out bonuses. Don’t be shy, it’s your company, so whatever you decide, just know there is no “right or wrong”. Share your thoughts below and get the conversation started.
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