Survey shows that year-end bonus tradition is fading away

A growing trend in the workplace may put a damper on the holiday spirit for some people.

A new survey finds the tradition of the year-end bonus is becoming a thing of the past.

According to the report by Challenger, Gray and Christmas, 43 percent of H.R. Execs say their companies don't give out year end bonuses, perks or gifts to employees.

That number is up from 2007, when just 28 percent said they had ditched the end of the year gesture.

Among the 53 percent of companies that did shell out bonuses this year, half gave employees either a non-monetary gift or less than $100. Most bonuses were similar to what companies gave in 2010.

The study noted that small companies are on tight budgets, but at the same time, said that something small like a $25 gift card or an extra day or two of paid vacation can boost employee morale.

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