Results 1 to 3 of 3

Thread: Here's how many Canadians get a holiday bonus

  1. #1

    Here's how many Canadians get a holiday bonus

    Here's how many Canadians get a holiday bonus

    From extra cash to holiday parties, 61 per cent of Canadian workers get some sort of reward this time of year

    Brandie Weikle·CBC News·Posted: Dec 07, 2019 4:00 AM ET | Last Updated: December 8

    More than 60 per cent of Canadian workers will get some kind of reward from their employer this holiday season, but for most, it won't be the kind they're looking for — money.

    A new survey conducted on behalf of human resources software company ADP Canada found that of the 61 per cent of workers who receive something extra from their employers this time of year, just 15 per cent get a financial bonus.

    The online survey of 1,562 employed Canadians was conducted between Nov. 1 and 4, and has a margin of error of 2.5 percentage points, 19 times out of 20.

    Unsurprisingly, 54 per cent of respondents said cash would be their first choice over, say, a Starbucks gift card or an underwhelming employee dinner. Alas, those whose employers do something to show staff appreciation during the festive season are most likely to get a holiday party (40%), followed by extra time off (28%), some sort of gift (16%) or a charitable activity (7%).

    One-third of employers don't provide any end-of-year acknowledgement at all.

    Atlantic Canadians most likely to see the money

    There were a few notable regional differences, said Heather Haslam, vice-president of marketing for ADP Canada.

    "Quebecers like to party," she said, noting that 51 per cent of respondents from that province said their place of work would hold a holiday bash, compared to the national average of 40 per cent.

    Those in Atlantic Canada were the most likely to say they'll be getting a financial bonus this year, with 23 per cent looking forward to something extra on their paycheque, compared to 15 per cent nationwide.

    Workplace mental health programs deliver healthier bottom lines

    People from British Columbia were most likely to get extra vacation time, while those in Manitoba and Saskatchewan were the most likely to say their employer does nothing at all to mark the holidays.

    "There seems to be a bit of a disconnect between employees and employers," said Haslam.

    The results suggest that employers should think about tailoring their offerings to the individual, she said.

    'Create a more engaged team'

    Bosses might opt to provide individual employees with a choice to either attend the company holiday party or putting that money toward a charity, said Haslam. Or provide the option to choose between a financial bonus or some extra time off.

    "That's creating an environment where people's individual preferences are understood and acknowledged, and it helps to create a more engaged team," she said.

    Glenn Zujew, executive vice-president at Toronto-based Klick Inc., a group of companies that includes the world's largest independent health marketing company, said the organization goes big with employee incentives this time of year.

    The company, which was the recipient of 11 best employer awards in 2019, aims to "surprise and delight" this time of year.

    The company holds a town hall to reflect on the past year, followed by a splashy party where all staff spouses are invited, including those who are flown in from other parts of the country.

    I don't have to book any vacation time off, and I get to spend all that time at home.- Ian Marquette, Halifax tech worker and father of three

    "Sometimes people need to stay a little bit later and we want to make sure we thank the spouses for those kinds of things," said Zujew.

    At this year's party, management announced that it's organized an upcoming early screening of the new Star Wars movie.

    In addition to lively charitable activities, including the production and release of its annual holiday video that features staff as actors, the office will close between Christmas Day and New Year's Day so employees can have the time off without having to dip into their vacation time.

    Each staff member also receives a personalized, coffee table-style yearbook that captures photos and details about each individual's year.

    Things like financial bonuses are handled on an individual basis, said Zujew.

    Most Canadians who switch careers are happier for it, survey finds

    For Ian Marquette, who started working as product designer at software company Proposify in Halifax this year, it was a delight to discover that the office will be closed for two full weeks over the holidays. Being off for the entire school break will give him time with his three kids and remove any child-care challenges the family would normally face.

    "It's great. I don't have to book any vacation time off, and I get to spend all that time at home," said Marquette. "I'm really happy. It's very fortunate."

    Although the holiday closure didn't come up during the recruitment process, Marquette said he believes the company could have made it a big selling point. "I've never worked anywhere that does that."

    Although Haslam said it's always good to show employees appreciation, the holidays in particular offer an opportunity to pause, reflect and acknowledge the contributions of staff, which is particularly critical for engagement and retention in a tight labour market.

    "People want to feel valued," she said.

    https://www.cbc.ca/news/business/hol...uses-1.5387582

  2. #2
    Quote Originally Posted by Charlemagne View Post
    "People want to feel valued," she said.
    Yes they do, but sometimes it's just entitlement that makes people think they deserve a bonus. Plenty of people think they deserve a bonus simply for showing up and doing their job half-assed. I believe in merit-based rewards, personally, though it's difficult to do that without getting into potential legal trouble. You have to quantify and document a person's work, including things that are hard to quantify like quality of work, if you want to protect your ass from cries of favoritism or worse, sexism, racism, etc.

    Many people also don't take into account how good or bad a year financially it was for the company. If the company is hemorrhaging money, don't expect a bonus. For anyone.

    And yes, I understand that at some of the bigger companies, management pretty much get bonuses regardless of how well a company or its employees are doing, and that's wrong. Sick, even. But not all companies are like that.

  3. #3
    Fabulously Full Figured Jessica Rain's Avatar
    Join Date
    Jul 2014
    Location
    www.jessicarain.ch
    Posts
    3,816
    Blog Entries
    14
    I take a percentage of all profit after expenses and put into an account for the year. Then I split that up for Christmas bonuses.

    Employees know. It helps them work hard all year knowing they will get a bonus at the end of the year. An the more they make the company, the more they make for themselves.

    Part time staff also get a bonus but at a lower percentage then full time employees.

    I have never agreed with only FT staff getting bonuses.
    Fabulously Full Figured Fun

    Jessica Rain



    Website: www.jessicarain.ch

    Twitter: @MsJessicaRainSP

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •