Though many companies are in better shape than they were a few years ago, some employers are still making cutbacks when it comes to holiday budgets which includes end of the year bonuses. Only 29% of small business owners are planning to give bonuses this holiday season, according to the results of an American Express OPEN study, which interviewed 503 owners of companies with fewer than 100 employees. That is a very un-merry picture compared to back in 2005 when 54% of small businesses that planned to give end-of-year bonuses. In addition, only 35% of small businesses are expected to throw a holiday party. That’s the lowest in the 10 year history of the study. Though for many opting for the bonus seems like an obvious choice some employees are very fond of the office holiday party. They look forward to it all year. Sometimes a holiday party can boost morale at a company more than money. What do you think?
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