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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."

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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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."

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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."

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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Statistic 10

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

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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."

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Statistic 12

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

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Statistic 13

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

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Statistic 14

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

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Statistic 15

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

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Statistic 16

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

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Statistic 17

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

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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.

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