Year-end bonus season is coming — but there's a big catch
Bonus season is coming, but early returns show the checks will likely be smaller than a year ago — at least for many workers.
Some industries bucked the trend of shrinking bonuses, according to Gusto Economist Luke Pardue. Workers in goods-producing and logistics businesses saw their average bonus increase 7.1%. In personal services, bonuses stayed largely flat, growing about 0.1% and sticking around $108. While the overall trend suggests bonuses are trending downward, Pardue said some metrics remain above pre-pandemic levels. For instance, about 5.5% of workers got bonuses in 2019, compared to 6.2% in November 2022.
according to a separate analysis by global human resource consulting firm Robert Half International Inc.
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