Survey Majority of managers see year-end bonuses growing in 2017

Survey Majority of managers see year-end bonuses growing in 2017Survey Majority of managers see year-end bonuses growing in 2017Recent researchfound that if youre not a standout worker, you most likely wont score a big raise or bonus at your job next year, even though theres been an increase in job growth.Other research has found that most American employees didnt get a raise this year, even though some in the high-income bracket were the most likely to have a larger paycheck.Still, some have people have high financial hopes for 2017A surveyof more than 300 senior-level managers employed in the U.S., conducted by staffing firm Robert Half, found that 42% of managers surveyed think the bonuses theyll be giving out will be somewhat higher this year compared to last year, and 9% think theyll be much higher. Taken together, 51% of managers believe theyll be seeing better numbers this year. The survey also found that 39% of managers think the bonuses will be the same as last year, 7% said somewhat lower, and 3% said much lower.An outside research firm carried out the survey, and the managers were employed at companies with at least 20 workers.How companies come up with bonusesA separate survey by Robert Half explored the main methods employers use to come up with bonuses.The most popular way was individual and company performance, at 27%. Individual performance only was at 16%.The least popular was company performance only, at 8%.Paul McDonald, senior executive director at Robert Half, commented on the findings in a statement.Bonuses are a key recruiting and zurckhalten tool, especially with the intense competition for top performers If budgets are tight, other ways to recognize exceptional work at the end of the year include gift cards, a department celebration or additional time off for the holidays, he said.