With the holiday season officially kicked off in the United States, parties and bonuses will be more prevalent than pay raises and gifts at U.S. small businesses in this 2003 season.
According to a survey performed by International Communications Research on behalf of American Express’s OPEN Small Business Network, U.S. small businesses plan the following gifts for their employees this holiday season:
- - Year-end bonuses and parties topped the list, with 43% of businesses planning to give bonuses and the same percentage planning to hold holiday parties for employees.
- - Also, 33% are planning to give employees gifts and 18% intend to give raises.
- - And, when you look at businesses with over $200,000 (USD) in annual revenues, the numbers are significantly increased over smaller counterparts when it comes to bonuses (60% vs. 26%), holiday parties (54% vs. 31%), holiday gifts (40% vs. 28%) and pay raises (27% vs. 10%). Not much of surprise there, of course — at under $200,000 (USD) in revenues, there just isn’t as much to spread around.
The survey is based on a representative sample of 787 small business owners/managers of companies with fewer than 100 employees across the United States.
And if you need help figuring out what to give and how much for business gifts, you can find interesting and helpful tips and tools for your business gift giving and party planning, at the OPEN Network’s Small Business Holiday Center.
P.S.: Visit Small Business Trends, the author’s weblog, wherein she gathers large amounts of information on small business trends and shares it with the world, and where this post first appeared.