UK employers paying out a Christmas bonus may be coming a thing of the past

-

Is UK employers paying out a Christmas bonus becoming a thing of the past?

A third of employees have never been given a Christmas bonus, as well as admitting they are unproductive in the run up to Xmas.

Research conducted by Hawk Incentives, a rewards and benefits company found that 33 per cent of UK workers have never received a Christmas bonus from their employer.

Perkbox, an employee experience platform, has found that 33 per cent of employees described themselves as unproductive in the build up to Christmas. However, out of those who do have an office party, 27 per cent said a common regret is drinking too much at the party and regretting acts afterwards.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

Madlena Pozlevic, employee experience lead at Perkbox said:

I think we all would agree that it’s incredibly difficult to keep focus and momentum at work in the month of December. Between parties, work, travelling, planning and present shopping it’s near impossible to keep on top of it all.

Hawk Incentives found that nearly three-quarters (73 per cent) of workers saying they are not expecting a financial boost this year, with 70 per cent believing the Christmas bonus will be a thing of the past.

Under half (40 per cent) believe this is due to constant cutbacks in their industry, and 36 per cent say that companies only care about profits.

Three years ago, the average workers would receive in the form of a Christmas bonus was £792, now it is £363.

Chris Ford, senior director, UK sales at Hawk Incentives, said:

This research sadly reveals that so many UK employees believe that Christmas bonuses are a thing of the past.  It also shows how morale boosting a bonus of whatever size can be for an employee.   Many businesses are unaware that you can give up to £50 to each of your employees, tax free, each year as a trivial benefit.

High employment engagement is a constant theme we see in the highest performing businesses across the UK. A small token of appreciation at Christmas time, or any time, can go a very, very long way.

The research was conducted by Ginger Comms, they asked 1,500 UK employees their opinion.

Darius is the editor of HRreview. He has previously worked as a finance reporter for the Daily Express. He studied his journalism masters at Press Association Training and graduated from the University of York with a degree in History.

Latest news

Workplace belonging ‘rises to highest level in a decade’, but many workers still feel excluded

Most UK employees now feel a sense of belonging at work, but many still do not feel consistently valued or included.

Workers turning down jobs over company reputation as Gen Z demands values match

Younger workers are increasingly rejecting employers over company culture, leadership behaviour and reputation before interviews even begin.

Bill Winters on ‘lower-value human capital’

“It’s not cost-cutting. It’s replacing in some cases lower-value human capital with the financial capital and the investment capital we’re putting in.”

Half of UK workers say their jobs are damaging their health

Rising levels of stress, fatigue and inactivity are affecting workers across the UK, with growing concern over long-term health and job performance.
- Advertisement -

Transgender staff excluded from single-sex toilets under new equality guidance

Transgender people must be excluded from single-sex toilets and changing rooms that correspond with their lived gender under updated...

Simon Coker: Closing the emotional gap – why AI in the workplace is as much a human challenge as a technological one

AI adoption is transforming how work gets done across every sector. But its deeper impact is less visible: it is reshaping how people feel about their work.

Must read

Nicola Smith: The widening recruitment gap

The gap between what companies say they want -...

Simon Girling: How to get the best out of your recruitment process

Simon Girling, founder of Girling Jones Recruitment, an agency which focuses on recruitment in the construction sector, discusses his top five tips for a smooth-running recruitment process.
- Advertisement -

You might also likeRELATED
Recommended to you