Bonus checks may be a little bigger this year, according to aRobert Half International survey.
Thirty percent of executives whose companies awarded bonuses last year said they plan to give higher bonuses this time around. Human resources managers were most optimistic about increasing bonus levels (42 percent), followed by technology executives (25 percent). Only 14 percent of those interviewed expected smaller bonuses than last year.
The survey was developed by Robert Half International and conducted by an independent research firm. It is based on telephone interviews with more than 1,250 senior executives throughout the United States who indicated their firms offered employee bonuses last year. The respondents included chief financial officers, chief information officers, senior HR managers, lawyers and advertising and marketing executives.
“For many companies, higher bonuses are in recognition of work by employees who put in extra effort this year, often with fewer resources,” said Max Messmer, chairman and CEO of Robert Half International. “Bonuses also are tied to staff retention — professionals with high-demand skill sets may have other employment opportunities in the current job market.”
For more survey results, view a press release by clicking here.