I once worked in a company
where they gave out frozen turkeys
as a Christmas bonus.
Delivery was a nightmare,
getting it home still frozen was a challenge,
and for single people,
a 15 lb turkey was a waste.
Other companies are more practical
and give out cash.
So as an entrepreneur,
should you give out a Christmas bonus?
If the bonus is not tied to company performance…
No.
Yes, you might be able to afford it this year
but what about next year
or twenty years from now?
A consistent Christmas bonus is like pay.
Employees take it for granted
unless it is taken away
and then morale nose dives.
That means the bonus should be small enough
to be sustainable
which usually means it is too small
to make an impact.
It also does nothing to motivate employees.
If you’re going to make it
inconsistent,
then you might as well link it
to company performance.