Compensation

Small Businesses Are Feeling Charitable This Year—Employees Reap the Benefits

More than 60% of small business owners will offer a holiday or year-end bonus to employees this year, according to the most recent SurePayroll Small Business Scorecard®.

It’s a spike from 2 years ago when SurePayroll surveyed business owners about bonuses, and only 52% were providing additional pay. This year, 64% will give a bonus.

Only 29% said the amount they would give was negatively impacted by macroeconomic events, compared to 36% 2 years ago.

Small business owners also expressed more optimism about the economy than a year ago, with 75% saying they’re optimistic compared to 68% last November.

“This appears to be part of a trend we’ve been seeing for a while, as small business owners reported meeting and exceeding their goals financially,” said SurePayroll general manager Andy Roe. “Aside from last month when optimism was fairly low, optimism and more specifically profits have been steady. Now they’re rewarding their employees accordingly.”

The infographic below highlights more key findings from this scorecard.
scorecard