Statistics About The Average Holiday Bonus

The average holiday bonus received by employees typically ranges between 1-2 weeks' worth of pay.

In this post, we explore various statistics surrounding holiday bonuses in the corporate world. From average bonus amounts to industry-specific data, these findings shed light on the practices and trends associated with year-end rewards for employees.

Statistic 1

"As per a Bonusly survey, on an average, companies provide $1,797 as the holiday bonus."

Sources Icon

Statistic 2

"According to a 2019 study by LinkedIn, 75% of companies globally provide a year-end bonus to their employees."

Sources Icon

Statistic 3

"In the United States, the average holiday bonus in 2020 was approximately $1,987."

Sources Icon

Statistic 4

"According to a report by Accounting Principals, financial industry bonuses average $10,000 or more."

Sources Icon

Statistic 5

"Cities like New York and San Francisco, which house many tech and finance companies, have above average holiday bonuses, often exceeding $5,000."

Sources Icon

Statistic 6

"As per figures from the Office of National Statistics in 2018, the average Christmas or holiday bonus in the UK was approximately £2,000."

Sources Icon

Statistic 7

"One in ten employers give a holiday bonus or gift valued at $500 or more, according to BankRate."

Sources Icon

Statistic 8

"According to a LinkedIn survey, 41% of HR decision-makers believe bonus amounts increase employee productivity."

Sources Icon

Statistic 9

"According to BankRate, 67% of companies gave some sort of bonus in 2019."

Sources Icon

Statistic 10

"As revealed by a Payscale report, 33% of companies stick to a tradition of giving end-of-year bonuses or incentives."

Sources Icon

Statistic 11

"In a survey by Challenger, Gray & Christmas in 2016, 54% of companies reported they were giving bonuses, which were, on an average, $1,081."

Sources Icon

Statistic 12

"As per Willis Towers Watson's 2019 report, 39% of North American companies planned to provide discretionary bonuses."

Sources Icon

Statistic 13

"A study by Aon Hewitt found that, in 2016, companies set aside 12.7% of their payroll for bonuses."

Sources Icon

Statistic 14

"A survey by Aeis indicates that 61% of organizations provide an end-of-year bonus or incentive."

Sources Icon

Statistic 15

"According to Forbes, 80% of large businesses offer annual bonuses."

Sources Icon

Statistic 16

"According to the Society for Human Resource Management's 2016 survey, 75% provided base pay increases as performance bonuses."

Sources Icon

Statistic 17

"Payscale revealed that, in 2018, only 21% of organizations were increasing the size of the holiday bonuses."

Sources Icon
In summary, holiday bonuses are a widespread practice among companies globally, with varying average amounts based on industry, location, and company size. The statistics highlight a range of bonus values, from the general average to more substantial bonuses in certain sectors and cities. Bonus amounts are seen as motivators for increased productivity by a significant portion of HR decision-makers, and the practice of giving bonuses appears to be common across a majority of organizations. Overall, the data reflects the importance of holiday bonuses as a means of recognition and reward within the corporate world.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!