A survey by global staffing firm Robert Half has found nearly half of companies (48 per cent) plan to offer year-end bonuses to their staff. And more than a quarter (27 per cent) of them are planning to give a bigger bonus than last year.
“This has been a difficult year for Canadian businesses and many attribute their survival to the hard work and dedication of their employees,” said David King, Canadian senior district president of Robert Half. “Along with offering managers an opportunity to recognize the accomplishments of their staff members, year-end bonuses can also help organizations engage and retain their top talent.”
The research also revealed that almost half of senior managers surveyed (48 per cent) said their company suspended salary increases as a result of the pandemic. However, of those, 12 per cent anticipate reinstating them by year-end, and another 36 per cent expect to do so during the first half of 2021.
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