Bonuses to hold steady, technology sector most optimistic

But most execs expect no change for human resources: Robert Half
|hrreporter.com|Last Updated: 11/08/2011

Bonus cheques may be a little bigger this year, particularly in technology, according to a Robert Half survey of nearly 500 senior executives in Canada. Seventeen per cent of executives whose companies awarded bonuses last year said they expect staff members to be awarded higher bonuses this time around.

Within technology, more than one-third (38 per cent) of chief information officers (CIOs) anticipate increased employee bonus levels in 2011. But in human resources, 14 per cent expect increased bonuses while seven per cent expect lower bonuses and 72 per cent expect no change.

Across all professions, the majority of executives (62 per cent) expect no changes, while 10 per cent of respondents believe their firms will offer lower bonuses this year.

"Despite the uncertain economy, some organizations want to recognize their employees' hard work by offering higher bonuses," said Lara Dodo, Canadian regional vice-president of Robert Half. "If awarding bonuses is not a viable option, non-monetary perks, such as flexible work hours and telecommuting options, can also carry great appeal."

Executives who were asked, "Do you anticipate that year-end employee bonuses this year will be higher, lower or unchanged from those awarded last year?" responded:

Higher

Lower

No change

Don’t know

Total

17%

10%

62%

11%

Technology

38%

4%

45%

14%

Legal

24%

11%

56%

9%

Advertising/marketing

20%

12%

52%

15%

Accounting/finance

14%

14%

56%

14%

Human resources

14%

7%

72%

7%

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