Small business owners are giving out more year-end bonuses than two years ago as their outlook on the economy improves.
Two years ago, when we surveyed our small business customers, just more than half (52%) of them were giving out year-end or holiday bonuses. This year, 64% will hand out a bonus at the end of the year.
Just less than half (49%) will also give gifts to their employees.
Small business owners may be in a giving mood because their optimism about the economy has improved fairly dramatically from last month. In October, just 63% were optimistic about the economy.
In November, 75% said they were optimistic about the economy.