More Small Businesses to Give Holiday Perks This Year: Survey
It looks like small businesses are getting into the holiday spirit—and spreading some much-needed cheer to employees.
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More small-business owners are reportedly going to give holiday bonuses and perks this year compared to last, according to a recent survey by American Express () ].
The survey found that 35 percent of 501 small-business owners will give their employees end-of-the-year bonuses, boosting paychecks by 9 percent on average. Last year, only 29 percent awarded bonuses.
Just two in 10 said they won’t do anything special for the holidays at work, while four in 10 will throw office holiday parties and spend an average $ 959 on party costs.
The owners will also extend that holiday cheer to clients, the Los Angeles Times noted. About 51 percent will give gifts to their clients, up from 43 percent last year, spending $ 958 on average.
But when it comes to shoppers, they will be less generous.
Perhaps the reason for the cheerful outlook? In a recent survey, a large percentage of small businesses predicted robust sales this holiday season.