Bulgaria – The number of employers who will give bonuses has increased – How much will it be

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80% of Bulgarian employers plan to give bonuses to their staff for Christmas (up from 60% in 2020), the Bulgarian Chamber of Commerce and Industry found in a survey of more than 100 organizations and companies between December 6th and 10th.

Incentives

As in previous years, the bonus is due to the desire to motivate employees (48% of respondents), the upcoming Christmas and New Year holidays (35%) and the financial situation of the company (24%).

More than half of respondents said they would pay the same amount of bonuses to all their staff and 35% said they would link the amount to employee performance.

How much will it be

Most of the bonus, 30%, will not exceed BGN 200. A 28% will range between BGN 200 and BGN 500, and an 18% will range from BGN 500 to BGN 1,000.

The staff of 12% of the companies can expect the Christmas bonus they will receive to exceed 1,000 BGN, and this percentage has decreased from 14% last year.

Up to a salary

In some cases, the bonuses will take the form of gifts, a percentage of the monthly salary or an additional salary. 45% of the companies that intend to give the same or bigger bonuses compared to last year represent a percentage slightly higher than 42% in 2020.

Source: ΑΠΕ

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