A new MarketWatch survey release this week indicates that employees don't need much to feel rewarded during this holiday season.
- 84% of employees indicated that a reward that cost under $100 would be sufficient
- 55% said that it would only take $25 to make them feel as though their employer rewarded them
So what does this mean? Are employees empathizing with employers during tough times? or does it just not take much to make people happy right now? Usually holiday gifts are an important part of an employee's compensation package, and now employees say it is not as crucial a part of their holiday observations. Perhaps the fact that 69% of people don't expect their employer to give any sort of end-of-year reward. Employers have set expectations low since the initial recession that employees do not expect any recognition of their hard work. So as an employer what will you do this holiday season? Will you surprise your employees with rewards and recognition, or will you play into this trend? As an employee what are your expectations this holiday season?
For more on the MarketWatch survey click here.
