Small-business owners are feeling more holiday cheer this year, which makes them more inclined to give bonuses and throw parties than in recent years, according to a new report.
A survey of 501 bosses who each manage fewer than 100 employees found that 35% will give bonuses, up from 29% last year, according to the poll from American Express Co.
And 4 in 10 said they will throw a holiday party, up from 35% in 2011. But they'll cut back slightly on celebration costs, spending $959 on average instead of $1,029. Half of companies will give their workers time off for the holidays, an improvement over 2011.
More than half the bosses will give their clients and customers gifts, up from 43% last year. Their Santa budgets will average $958, compared with $827 last year and $740 the year before.