With the annual performance reviews coming up, excitement is rising among employees as 42% expect an extra bonus by the end of this month. This was revealed in the recent salary survey by international recruitment firm Robert Walters.
Employees are not shy about their desired bonus size. One in three employees hope for a bonus between 11 and 20% of their gross annual salary, while another 11% consider a bonus of over 20% appropriate.
"These expectations also play a role in applicants' demands. For 56% of surveyed employees, the bonus scheme offered is decisive when accepting a new job," explains Özlem Simsek, managing director at Robert Walters.
Bonus schemes on the rise
Employers are also showing growing interest in bonus schemes. In the past 18 months, a quarter of employees saw bonus schemes added to their package of fringe benefits. Currently, more than half (55%) of surveyed employers are awarding performance based bonuses to their staff.
"This trend looks set to become more established in 2024," predicts Özlem. "Our survey shows that 43% of employers are inclined to award bonuses to juniors, while 58% plan to do so for mid- and executive-level professionals."
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