Workers believe bonuses and gifts are tied directly to their performance at work.
The majority (67%) of Irish employees are anticipating an end-of-year bonus while more than half expect gifts from colleagues (51%) and managers (50%).
The research of more than 1,000 Irish workers by Workhuman as part of its Human Workplace Index, reveals that 37% of employees believe that bonuses and gifts are tied directly to their performance at work, highlighting the growing importance of performance-based recognition in today’s workplace culture.
“When done right, recognition at the workplace goes beyond holiday gifts or bonuses, creating lasting connections and positive effects on employee engagement, morale, and an environment where employees feel valued year-round”
While the holiday season brings increased gratitude and camaraderie for many (41%), it is not without its challenges.
Financial pressures add to end-of-year stress
Financial pressures top the list, with 58% of employees citing the cost of holiday expenses as a primary source of end-of-year stress.
Additionally, the professional demands of meeting year-end KPIs and goals (17%) and navigating annual performance reviews (17%) add to the seasonal strain. This stress often spills into personal time, as over a quarter of employees (25%) struggle to fully disconnect, and 32% anticipate responding to work emails even during their time off.
Workplace recognition emerged as a powerful stress reliever, with 74% of employees agreeing that receiving public appreciation from colleagues helps create a more positive atmosphere.
Additionally, 60% of employees surveyed make a point to thank colleagues, with the majority (69%) verbally appreciating their co-workers while 30% prefer to give a physical gift to demonstrate gratitude.
In addition to bonuses, workplace peer-to-peer employee recognition programs are becoming invaluable in alleviating holiday-related financial stress.
A significant majority of employees (82%) agree that using rewards points from a formal work recognition program to purchase gifts could help alleviate the pressure of holiday spending. This shift in recognition practices is contributing to stronger employee engagement, even during the busiest time of the year.
“The festive season offers organisations a unique opportunity to celebrate employee contributions and cultivate a culture of appreciation,” explained Niamh Graham, Senior Vice President of Global Human Experience at Workhuman.
“Our findings shows that a well-crafted peer-to-peer employee not only would help alleviate the stress of the holiday season spending but boosts our tradition to give and receive year-end gratitude, serving as a long-term investment in employee satisfaction and company culture.
“When done right, recognition at the workplace goes beyond holiday gifts or bonuses, creating lasting connections and positive effects on employee engagement, morale, and an environment where employees feel valued year-round.”
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