Festive finances | No Christmas bonus at 1 in 3 firms this year

A study has discovered that 1 in 3 businesses will not be providing staff with an end of year bonus.

The Corporate Christmas Rewards Study, from Just Eat for Business, asked key decision makers, such as CEOs and business managers at companies across the UK how they will be rewarding staff during the festive period.

The findings show that the majority of businesses base the decision on whether or not to give staff a monetary-based Christmas bonus is based on meeting sales targets (31%), company profit (30%) and whether or not employees have met their personal goals (29%).

However, the majority of businesses (81%) are choosing to give back to staff by hosting a Christmas party this year. Almost half (48%) said that this year’s Christmas party event will be bigger and better when compared to such events that took place pre-pandemic.