A TopCashback.com survey shows only 17 percent of Americans usually get a holiday bonus, and just over half never receive holiday bonuses.
What used to be a common corporate tradition and sign of thanks to a workforce has clearly gone to the wayside. Rebecca Gramuglia with TopCashback says it’s a shocking trend.
“Holliday bonuses, people do look forward to them, and any time people hear holiday bonuses they think of Christmas Vacation, and the Jelly of the Month club membership, so it’s definitely a big topic of conversation,” says Gramuglia.
For those lucky few who expect to receive a bonus, just over half say it will be under 500 dollars, about a quarter say it’ll be 500 to 1,000 dollars, and ten percent say it’ll be 1,000 to 1,500 dollars.
When asked if they were more likely to receive a pay raise or a bonus, Gramuglia says it’s far more common to see the bonus, if you see anything at all.
“52% did say they were more likely to receive a holiday bonus, while 27% say pay raise, and 21% say both,” says Gramuglia.
For those that do expect to receive a holiday bonus, Gramuglia says about half of respondents plan on using it to help with Christmas shopping.
“49% of respondents used the extra cash to purchase holiday gifts, we also found that 37% of respondents use the money to pay down debt, or put it towards their savings,” says Gramuglia.
1,953 adults were surveyed.
