Despite improving conditions, it’s still the case that some companies are keeping a tight rein on their budgets, so you may be looking for ways you can reward your employees this Christmas without spending a lot of money. Does cash work anyway? Some say no, because:
- Cash bonuses get taxed
- They can get ‘lost’ in the pay packet and forgotten about
- They’re not as tangible and meaningful as a physical gift
So, if you want to keep costs down but still reward your staff for a hard-working year, here are four effective non-cash ideas for a Christmas bonus.
