The end of the year always brings up the question of whether to give bonuses to your team and tips to your service providers; as well as how much these bonuses and tips should be. If your small business had a tough 2016, stretching things further to give year-end bonuses can be ultimately self-defeating. But if you’ve had a banner year, sharing the wealth can go a long way towards motivating your team, and the third parties that support your business, to work even harder to make the next year even more prosperous.
Knowing how other small businesses like yours handle tipping and bonuses can be useful in making your own decisions. The following trends and survey results may be helpful.Read More »