It’s beginning to look a lot like Christmas around the UK at the moment, as shops dress their windows with fairy lights, towns switch on their Christmas trees and last-minute holiday requests for late December start rolling in.
It can also be the most expensive time of year for workers who juggle present-buying for friends and family, buying enough festive food to sink a small ship and, of course, buying another quality Christmas jumper for the office party. This is why the annual tradition of offering workers bonuses took hold across the world – but is the trend dying out and leaving workers without enough cash to cover the cost of Christmas?
A nationwide study by Hawk Incentives found that 33% of British workers have never been given a Christmas bonus by their employer. Nearly three quarters (73%) are not expecting a financial boost this year, with seven in ten believing the Christmas bonus will soon become a thing of the past.
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The study found that 40% of professionals believed that this is down to constant cutbacks in their industry, and 36% say that companies only care about profits.
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