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4 days ago · Amid the potential of a government shutdown fueled by budget uncertainties on Capitol Hill, the president issued an executive order on Thursday giving federal employees Dec. 24 off. Dec 11, 2024 · Holiday bonuses, often called Christmas bonuses or year-end bonuses, are extra payments or gifts that employers provide to their employees, typically around the holiday season. These bonuses recognize and reward employees for their hard work and contributions throughout the year. 5 days ago · Some employers offer end-of-year or holiday bonuses this time of year. End-of-year bonuses were available to 12 percent of private industry workers in 2024, and 7 percent had access to holiday bonuses. Among private industry information workers, 22 percent had access to end-of-year bonuses, while 4 percent had access to holiday bonuses. In retail trade, 4 percent of workers had access to end ... Dec 10, 2024 · Holiday bonuses are recurring financial bonuses that employers usually apply to employee pay in late December. Often, your employment contract outlines a bonus and your salary. You can receive holiday bonuses through multiple different methods, including an individual check, additions to your standard paycheck or pretaxed gift cards. Many employers use holiday bonuses to boost morale among their team and thank employees for a good year. According to the Internal Revenue Service (IRS), some types of holiday bonuses are taxable. Employers need to understand how to meet their tax obligations when awarding year-end bonuses. This guide will help you do so. What Is a Holiday Bonus? Sep 30, 2024 · What kind of Christmas bonuses will businesses be giving in 2024? The answer is likely to have less to do with employers’ generosity and appreciation of their staff than it does with a company’s size, bottom line, and operational realities. 1 day ago · Expected bonus amounts this year are on the smaller side, with about 26% of employers offering a bonus between $100 and $250, and 22% offering a bonus between $501 and $1,000. Only 3% plan to ... Jan 17, 2024 · Holiday bonuses can be a great way to show employees you care while boosting productivity and engagement. Learn more about how to give holiday bonuses. Last year, 43% of employees received a holiday cash bonus, with the most common amount falling between $251 and $500.However, 57% missed out on this seasonal perk. What’s more, 55% of employees say that receiving a holiday bonus plays a significant role in their overall job satisfaction, and over a third (34%) would consider job hunting if holiday bonuses were off the table.

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