Festivals in any country and religion are one of the things that people enjoy the most. Festivals have a different excitement as a child after growing up with responsibilities and work things change. One of the most famous holidays or most celebrated occasions is Christmas, and this is celebrated in every home with excitement. Families come together on this auspicious day and celebrate it. For people in the working world, these bring in a holiday and a bonus from their employer. These bonuses that are received can be in various forms, and it is up to the employer how they give Christmas bonuses. Let us know ‘How to Give a Christmas Bonus?’
How to Give a Christmas Bonus?
Christmas bonuses are usually given to all employees who work for the organization since it is a day of celebration for families, so employers shoulder the responsibility of making sure that every worker gets something on this auspicious occasion. Bonuses can be of various forms.
- Cash bonuses
- Coupons for special offers and non-cash bonuses
- Performance-based bonuses
These are the forms on which an employer can give bonuses to their employees.
Considering Bonus types, it is also Essential that the Bonus form decided by the Employer follows the following Acronyms:
The bonus which is being given to employees should be supportive not just to the employees but should support the idea of the organization and its goals.
With a changing world and time-to-time advancement, sticking to the same bonus form should not be the case, because there are too many forms for bonuses and to have excitement among employees, the bonus should be adaptable.
Bonuses, which are being planned, should be relevant to the employer. It should be of use to the employer, and that is why it is best to pre-plan the form and all the related things.
This is essential when giving a bonus because the main idea of the bonus is to help the employees. So, it should not be too early for Christmas and it should not be too late.
This thing also should be kept in mind by the employer when they are planning because the bonus should not only support the organization’s thoughts and goals but should also be meaningful for the employee.
The Form of Bonuses:
- Cash bonus
This is the most widely used form in most organizations and is also liked by many employees because, in the cash form, they receive an extra sum of money which they can spend as per their needs and demands.
- coupon for a special offer
With technological advancement and various forms of energy sources available for various things, Organizations these days like to give their employees some benefits on shopping sites, delivery apps, food, etc. In this way, the organization does not have to spend much, and every employer also gets different kinds of bonuses.
Gifts are also a great way to give a bonus to employees and are used by many organizations because different people have different needs. The main benefit behind this idea is that it offers an endless number of things that employers can give. Gift baskets are also a great way of giving a bonus to employees.
The planned item should be useful for the employee.
- Performance-based bonuses
Companies nowadays are using this method for giving out holiday bonuses to their employees as well. In this, the worker’s whole year’s performance is accessed or the work between some points in time is accessed and based upon the performance and value it added to the company’s growth. The bonus is decided.
These were the forms in which Christmas bonuses can be given. One question that might be striking the reader’s brain is what role do these bonuses play in an employer’s mind?
The role of Bonuses in Employer Performance:
The bonus is not just given because employees have done a good job or it is going to be a holiday, so they might need some extra help. It also plays a significant role in boosting employees’ performance.
Employee bonuses have a high probability of motivating workers, and performance-based bonuses can result in employees working with full focus, which is helpful for a company’s growth.
By receiving meaningful bonuses, employees get a sense of attachment to the organization, which helps in building trust and loyalty toward the organization.
Bonuses are also a great way to have team building because employees who receive them always appreciate some extra support, and in return, they try to help the organization.
Christmas bonuses are an important thing for most of the employees because there are holidays and they look forward to some friendly gestures and support from the organization. A bonus can be of various forms, be it a cash bonus, non-cash, or some gift. They act as moral support and motivate the employees to do better work. The Christmas bonus is a sort of thank you to the employees for the hard work and dedication they put towards the organization.