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Most Plan to Award Same or Higher Bonuses for 2011
 

By SHRM Online staff  11/8/2011

Bonus checks might be a little bigger this year, a Robert Half survey suggests. Thirty percent of U.S. executives whose companies awarded bonuses at the end of 2010 said they plan to give higher bonuses in 2011. Only 14 percent of those interviewed expected smaller bonuses than in 2010.

HR managers were most optimistic about increasing bonus levels in 2011 (42 percent), followed by technology executives (25 percent).

The survey was developed by recruitment firm Robert Half International and conducted by an independent research firm. The findings are based on telephone interviews with more than 1,250 senior executives throughout the U.S. who indicated their firms offered employee bonuses in 2010. Respondents included chief financial officers, chief information officers, senior HR managers, lawyers, and advertising and marketing executives.

Bonus Breakdown
Executives across the U.S. whose companies gave bonuses in 2010 were asked, “Do you anticipate that year-end employee bonuses this year will be higher, lower or unchanged from those awarded last year?”
Their responses:

 

Higher

Lower

No Change

Don’t Know/

No Answer

Total

30%

14%

53%

3%

Human Resources

42%

10%

43%

5%

Technology

25%

18%

53%

4%

Accounting & Finance

21%

17%

60%

2%

Advertising & Marketing

19%

13%

53%

15%

Legal

12%

4%

73%

11%

Source: Robert Half International.

“For many companies, higher bonuses are in recognition of work by employees who put in extra effort this year, often with fewer resources,” according to a statement by Max Messmer, chairman and CEO of Robert Half International and author of Motivating Employees for Dummies (John Wiley & Sons Inc.). “Bonuses also are tied to staff retention—professionals with high-demand skill sets may have other employment opportunities in the current job market.”

Related Articles:

Viewpoint: Grinch-like AdviceIncentive Plans Instead of Holiday Bonuses, SHRM Online Compensation Discipline, November 2011

Moderate Pay Raises Foreseen, with Fully Funded Bonuses, SHRM Online Compensation Discipline, August 2011

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