Employee Holiday Bonuses & Gifts: Ho Ho Ho or Bah Humbug?
In this episode, we explore the ins and outs of employee bonuses and holiday gifts, offering practical insights for small business owners. From various types of cash bonuses and their typical amounts to alternatives like paid time off and gift cards, we provide a comprehensive guide on how to show appreciation to your employees without straining your budget. The host shares personal experiences and survey data to highlight best practices and common pitfalls. Additionally, we dive into the topic of holiday parties, how to acknowledge vendors, and the importance of balancing generosity with financial health.
Episode Breakdown:
- 00:00 – Introduction: Santa Claus is Coming to Town
- 02:33 – Steer CRM and AutoShopAnswers Sponsorship Segment
- 05:17 – The Importance of Employee Bonuses
- 09:13 – Types of Employee Bonuses
- 15:55 – Non-Cash Bonuses: Paid Time Off and Gift Cards
- 21:00 – Holiday Gifts for Vendors and Service Providers
- 26:17 – Holiday Parties: Pros and Cons
- 33:43 – Conclusion: Appreciating Your Employees
- 34:03 – Outro: Feliz Navidad
Helpful Links:
Holiday tipping guide:
https://www.zenbusiness.com/blog/holiday-bonus/
Average Christmas bonus statistics 2024
https://www.upflip.com/reports/christmas-bonus
Small business owners guide to the holiday bonus
https://www.zenbusiness.com/blog/holiday-bonus/
22 Hilarious and Horrifying Tales of Office Holiday Party Disasters (adult content warning)
https://thought.is/22-hilarious-and-horrifying-tales-of-office-holiday-party-disasters/
Special Thanks to Our Sponsors: Steer CRM and Auto Shop Answers
Steer CRM helps auto repair shops attract new customers and keep existing ones coming back for regular maintenance and service. Discover more at steercrm.com.
Auto Shop Answers is an industry-leading automotive shop training program led by Todd Hayes, COO of Adams Automotive in Houston. Learn more at autoshopanswers.com.
Connect with Papakyrikos, CPA: The GPS to Your Business Success
- Visit us online: www.papakyrikoscpa.com
- Email us: Podcast@papakyrikoscpa.com
