Celebrating the Holidays
Canadian employers are in a festive mood this holiday season!
Organizations are throwing a party and providing employees with time off that goes above and beyond the required statutory holidays. They are also feeling charitable as many organizations are making donations to various charities or causes. However, the traditional “Christmas Bonus” is again on the decline with only one-in-ten organizations providing cash bonuses this holiday season.
Each year, there are questions regarding what other employers are doing for employees over the holiday season. As in other aspects of total rewards, employers want to remain competitive. However, are these holiday celebrations improving staff morale, appreciated by staff, helpful in attraction and retention or are some not achieving their objectives and viewed as an entitlement by employees?
In November 2016, Western Compensation & Benefits Consultants (“WCBC”) surveyed 142 Canadian employers on how they expect to celebrate the holidays with their employees.
Full results are available to participants only but we have summarized some of the highlights.
WCBC would like to take this opportunity to wish you a very merry Christmas and a prosperous new year.
Participants in WCBC research projects receive a complete summary of the results at no cost. If you would like to be notified of future research projects, ensure you subscribe.