Once you give employees holiday bonuses, they might expect them in the future, writes Jacqueline Taylor of the University of Houston Small Business Development Center. "Still, I think you can do something special your employees will appreciate while making it clear you're doing it now because they helped make this a good year for the business," she writes. When choosing between cash or another type of bonus, consider your employees' preferences as well as how much you can spare, she recommends.

Related Summaries