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27/02/2017
Slightly over one in five (21%) workers will get a Christmas bonus this year, compared to just 14% last year, according to an annual study of 2,000 UK workplaces by the Prepaid International Forum (PIF). One provider of prepaid cards for employees to spend on Christmas parties has seen a 400% increase in orders compared with 2016.
However, this generosity has more to do with business than Christmas spirit, the researchers suggest, with employers admitting the main motivation in providing a bonus is to retain staff after a year dominated by skills shortages and recruitment headache headlines.
Alastair Graham, spokesperson for PIF, said:
‘Our study shows that businesses increasingly understand the importance of retaining their best staff and the impact that providing an annual ‘thank you’ has on loyalty and motivation.’