2020 Year-End Bonus Report and Hiring Outlook

This report presents the findings of a survey conducted by Challenger, Gray & Christmas, Inc. regarding year-end bonuses and hiring outlooks for 2021. The survey indicates that a greater number of companies are offering bonuses this year compared to the previous year, with only 19% of employers stating they would not provide any bonuses. The report also highlights the significant impact of the COVID-19 pandemic on business conditions, with 52.3% of respondents reporting worse conditions. Additionally, the survey reveals uncertainty surrounding hiring needs for 2021, with over a quarter of businesses indicating difficulty in predicting their hiring requirements. The report documents that many employers are cautious about hiring due to the ongoing economic challenges and the pandemic's effects. The findings are based on responses from 189 companies across various industries, providing insights into current employment trends and employer sentiments.