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In the United States, there’s no standard policy for holiday bonuses. Instead, companies can choose to offer discretionary bonuses.

Below, we have the list of general holiday bonus guidelines to follow as an employer, as well as some information to help employees know what to expect.

General Holiday Bonus Guidelines

While there isn’t a standard set of rules for holiday bonuses, there are a few general guidelines and standard practices to keep in mind.

Be Fair

Some businesses give flat dollar amounts to every employee — this number can vary depending on the company’s size and success during the most recent fiscal year. With this method, bonuses can fluctuate yearly.

Alternatively, a business may decide to give a holiday bonus equal to a percentage of an employee’s salary. With this bonus structure, employees would expect their holiday bonus to increase each year their salary increases.

However, keep in mind that this average includes everything from nominal bonuses for low-income employees as well as six-figure bonuses for Wall Street employees.

This type of bonus can be based on an employee’s history/tenure with the company, their skill level, or their hard-working attitude. This can help motivate employees, and it lets them know that their hard work is noticed and rewarded.

However, no matter how much you decide to give and to whom, you should always be fair and inclusive. Even if different employees get different bonus types or amounts, everyone should be included.

Be Professional

The holidays can be fun and festive, but at work, it’s best to keep things professional.

When it comes to gifts as bonuses, avoid giving anything that could be seen as inappropriate or harmful (e.g., liquor, cigars, or something that can trigger an employee’s allergies).

And, for monetary bonuses, keep your personal opinions out of the process. Bonuses shouldn’t be awarded simply based on an employer’s subjective feelings about an employee, especially if those feelings are unrelated to job performance.

Be Confidential

Holiday bonuses, like raises and other types of bonuses, should generally be treated just like an employee’s salary and need not be disclosed to anyone who isn’t involved in payroll or processing.

Holiday bonuses should be something employees can enjoy and celebrate, not something to worry about or compare with others.

Be Transparent

Some companies offer performance-based bonuses at the end of the year. These bonuses are usually set up to motivate employees and to help the company reach its year-end goals.

What isn’t always made clear is whether these performance-based bonuses are considered a holiday bonus or are planned in addition to a holiday bonus.

Keep your employees informed about the company’s performance so they aren’t upset about a potentially lower holiday bonus.

Different Types of Holiday Bonuses

Holiday bonuses are often cash, but bonuses don’t have to be monetary.

If you decide to give varying holiday gifts, it’s a good idea to make sure the categories are clearly defined in advance.

For example, everyone in management could get one gift, and everyone in sales another. Or, gifts could vary based on seniority level. Remember to keep it fair and professional.

Below, we’ve included a list of holiday bonus gift ideas:

In addition to the common gift types listed above, there are also a few things to avoid when providing bonuses. Some of these include:

Tax Rules for Holiday Bonuses

As an employee, if you receive a cash bonus that has been added to your regular paycheck, you may be taxed at a higher rate, because the rate will be based on the combined amount.

You can refer to an online tax calculator, such as the TurboTax “How Your Bonuses are Taxed” calculator, to help you determine how much of your bonus will be taxed.

How Do the U.K. and Canada Do Holiday Bonuses?

Individual companies aren’t required to provide bonuses — like in the U.S. — but companies can decide to offer them to employees. These discretionary bonuses are taxable.

In Canada, there’s no standard or government-funded holiday bonus. Bonuses are given at the discretion of an individual’s employer.

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Band Aid was a charity supergroup featuring mainly British and Irish musicians and recording artists. Their
——-(FAMOUS) song «Do They Know It’s Christmas?» was first released in 1984.

It was written by Bob Geldof and Midge Ure after they
———(SHOCK) by reports of the 1983-1985 famine in Ethiopia.
The song was number one for five weeks,——-(RAISE) millions for charity.

In 2014, the group changed its name to Band Aid 30 because it was the——(THIRTY)
time the song «Do They Know It’s Christmas?» was recorded.

Since the time of its birth, the song——(MAKE)
a lot of money.

Bono, who also appeared on the original, told BBC News, «We’ve been trying to make this event a thing

Band-Aid was a charity supergroup featuring mainly British and Irish musicians and recording artists. Their most FAMOUS song «Do They Know It’s Christmas?» was first released in 1984.

It was written by Bob Geldof and Midge Ure after they
had been SHOCKed by reports of the 1983-1985 famine in Ethiopia.
The song was number one for five weeks, RAISing millions for charity.

In 2014, the group changed its name to Band-Aid 30 because it was the THIRTieth
time the song «Do They Know It’s Christmas?» was recorded.

That year, it aimed to help those who SUFFERed
from the Ebola virus.

Since the time of its birth, the song has MAdE
a lot of money.

Bono, who also appeared on the original, told BBC News, «We’ve been trying to make this event a thing».