CNBC: Andy Challenger, SVP, Discusses the Return of Year-End Bonuses

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Reported by CNBC

Published Jan 7, 2022

Almost a quarter of all companies, or 23%, said they are offering a bonus based on company performance, up from last year’s 12%, according to Challenger, Gray and Christmas, marking the highest percentage since the job placement firm began tracking performance bonuses in 2015.

Many companies also said they are increasing the size of bonuses. Roughly 17% said bonuses will be bigger than they were last year, notching another recent high.

“We typically tend to see bonuses go up at times when the labor market is really tight and that is clearly what we are seeing right now,” said Andy Challenger, senior vice president at Challenger, Gray and Christmas. “Employees are in the driver’s seat.”

Read more from CNBC.

How are business conditions as you enter 2022?  Business conditions are worse than last year. 9.84%  Business conditions have improved since last year. 55.74% Business conditions are on par with last year. 21.31%  Some segments of our business are up while others are down. 11.48%  Other (please specify) 1.64%

Source: Challenger, Gray & Christmas, Inc.

Related: In-Person Parties Stage a Small Comeback, but 22% Still Unsure How to Celebrate Year-End get the full report here and view the full infographic here.