Many companies use holiday bonuses to reward high-performing employees, increase morale, and boost retention. However, bonus types and amounts vary across the board. For small business owners, it can be especially challenging to figure out a bonus schedule that accomplishes your goals at a price you can afford.
Wondering how to fit in holiday bonuses this year? Use the guide below to learn more about the different types of bonuses that employers commonly give out, and to find the type that's right for you. If you have more questions, your accounting firm can help you develop a plan that meets your goals for a price you can afford.