Are you giving your staff a Christmas bonus this year? How about a holiday party or other recognition this month? Many small business owners struggle with deciding exactly how to share the spirit of the holiday season with their teams — and very often they also struggle with figuring out how to pay for these extra one-time-a-year expenses.
Over the years I have witnessed everything from the business owner bringing in sandwiches for the staff to share all the way up to expensive all-weekend destination parties. I’ve seen Christmas bonuses range from a grocery store gift card for a turkey up to tens of thousands of dollars paid annually around this time of year.