Handling the Christmas Bonus | Operations from AllBusiness.com
Facebook Twitter You Tube RSS Feed

Handling the Christmas Bonus

(Blogger's Note: Every Monday readers write to have their questions answered. T have your question considered email it to editor@sonomanapafoodie.com) Dear Blogger: With the holidays rapidly approaching, I would like to make a decision on how to handle the gift situation with employees. What´s the best way to deal with the staff as far as presents? My restaurant is fairly successful and I enjoy spreading the wealth, however, I have a large amount of employees- do I have a party, do I give out bonuses, or do I just do a Christmas gift exchange? Every year I wait until the last minute

More
(Blogger's Note: Every Monday readers write to have their questions answered. T have your question considered email it to editor@sonomanapafoodie.com) Dear Blogger: With the holidays rapidly approaching, I would like to make a decision on how to handle the gift situation with employees. What´s the best way to deal with the staff as far as presents? My restaurant is fairly successful and I enjoy spreading the wealth, however, I have a large amount of employees- do I have a party, do I give out bonuses, or do I just do a Christmas gift exchange? Every year I wait until the last minute and then I make the decision. What do you suggest? Sincerely, Santa Wanta Be Dear Santa- I have always fantasized about giving the entire staff the entire restaurant one Christmas, but I don´t know if that would necessarily be that cherished of a gift. The first decision you must make is whether or not you want to give financial presents- in the form of a bonus- or an actual gift. If you have a large establishment with an overflowing staff, you are entering an area that may cause some serious financial concern. But, if you are achieving your financial goals, and the monetary bonus will not affect you, than by all means distribute the wealth. Nothing builds a business more solidly than sharing the exhilaration and financial gains when growth is positive. But, just don´t pass out c-notes like you are printing them at Kinko. Develop a policy- in writing- that you stick to for the future. Review the milestones that have catapulted you into this state of mental bliss and decide who the instrumental staff members were that helped the company achieve the success. To just hand out monetary bonuses to staff members because they are there often causes more damage than the goodwill you assume it will create. Don´t think that everyone on your staff has to receive an envelope during the holidays. You can bonus the management team and give a gift to the rest of the staff. That is a very common practice and it is a perk of becoming management. Also, it gives those willing to work their way up the ladder of your organization something to strive for. There is nothing wrong with not giving anything monetary. Think about having a company party and doing a gift exchange. If you pay for the party and give something as enjoyable as a nice bottle of wine to open during Christmas, or a bottle of Champagne to celebrate New Year´s Eve, you are climbing to the top of the restaurateur listing. Whatever you decide upon, whether it´s a c-note, a sawbuck, or a party at the restaurant down the street, make sure that you at least send a card to everyone on your staff with a personalized note within. Get their names right. Mention something they did over the past year that you appreciated because it made a dfference. Make sure it is in your hand, and that you sign the card, personally. Nothing cheapens a gesture than having someone else write it. Address the envelopes. Lick the stamps. Put them in the mailbox. Take the time to think about what they have done for you and the company. When you do, you will know what to give them. And then you will also realize what they have given you over the course of the year. You should first Once you make that decision you then have to decide on the amount- to put into the envelope or into the purchase. Either of these avenues will provoke a lot of pondering as to who should receive what, and if this person or that person deserves anything at all. It is never an easy decision because of the way people openly discuss what they make and what they were rewarded. That is, unfortunately, the nature of the restaurant beast.

Recent AllBusiness Blog Posts

  • A New Year´s Cold Calling Checklist"?¦. Part Three

    9. Follow up on calls and literature. Nothing can kill a marketing campaign faster than lack of follow-up. In my almost 3 decades of cold calling ,I am still amazed at the number of sales people who generate a lead ,leave a message on voice mail but never think to follow up afterwards. Or worse yet, those who send literature but never follow up on it. I don´t care how many times I write about this subject, I can´t say it enough. Follow up is key to getting business. 10. Mail Call,-And Speaking of literature; be sure to mail some. Mailing literature is

  • QuickBooks Small Business Survey Reveals Most Small Business Owners Were Loners As Children

    Were you a loner when you were a kid? If so, you're not alone anymore. QuickBooks recently surveyed over 1300 small business owners in the US to find out more about current small business trends, and small business owner concerns and opinions for the coming year. Forty three percent of those surveyed said they were a loner as a kid and most of them had some type of entrepreneurial venture ranging from mowing lawns to babysitting to lemonade stands. Does that sound like you? What I found interesting is that 43% of the small business owners responding were the oldest

  • A New Year´s Cold Calling Checklist"?¦. Part Two

    In an earlier column I wrote about some tips to consider when cold calling. Here are some more"?¦ 5. Don´t forget that cold calling is only one aspect of generating leads and sales. Another way is to network. I advise my clients to attend at least 2 networking events per month. Networking is about generating publicity and publicity is about exposure. You must make it a part of your regular marketing strategy to get your message, product and firm´s name in front of as many people in as many different ways as possible. Nothing stagnates a marketing campaign faster than an old

  • Salter, Crosier, and Customer Service

    While reading Kay and Jim Salter´s latest book,Life is Meals, I am reminded constantly, of the complexities facing restaurateurs in the customer service arena. The Salter´s, although neither restaurateurs, know the workings of the trade better than many operators. In one of Salter´s snippets on solitary dinners, (May 3, page 157), he simply conveys the feelings of eating alone at a restaurant as, "tedious". He also points out "if it is a decent restaurant, there is usually service at the bar, the best solution". Although some may not feel the strangeness of dining alone- at a table-, it is an

  • Do Your Doors Pass the Shapiro Inspection?

    Restaurants take a beating from the moment they first open to the public until the last time they close. Caused by both monumental crowds and constant activity or the simple lack of attention from staff and owners restaurant wear is more noticeable when less occupied in January. It´s a great clean up month. Just last week, Bob Shapiro suggested a blog on dirty doors and shabby handles. Shapiro sees more restaurants in one day than most residents of Fargo, North Dakota see in a lifetime. According to the Shapiro Watchful Eye Report, those in charge of cleaning often ignore front

New On AllBusiness