Year-End Bonus May Be a Memory, Replaced by Gift Cards and Performance-Based Awards

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11/28/2006: Year-End Bonus May Be a Memory, Replaced by Gift Cards and Performance-Based Awards (The Christian Science Monitor)

Excerpt: 'We're seeing the holiday bonuses disappear,' says Brian Drum, president of Drum Associates in New York. 'Thirty-five years ago, when I first dealt with a lot of companies that used to pay the so-called Christmas bonus, it was a gift. Today, as companies are becoming larger and consolidated, they are giving because it's performance-related.'

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