Ho Ho Hold the Holiday Perks

We've all seen the holiday-themed TV shows and movies with large, elaborate Christmas parties for employees with dinners, complimentary gifts, and the ever-so dangerous open bar. As a result of the recent economic struggle, many holiday parties are being cancelled.   A few years ago, many businesses offered employees bonuses, gifts, and holiday themed parties, as well as some perks for clients. Instead, businesses are turning to different strategies when deciding ways to thank employees and customers. According to an American Express OPEN Small Business Holiday Monitor, a survey of about 500 business owners, only 31% of business owners plan to give year-end bonuses this year, which is down from 44% last year. Additionally, only 16% will give raises, down from 30% in 2008. Almost 25% of businesses have stopped all gifts, but 28% are coming up with creative gifts, bartering, or incentives to avoid spending money. If your small business usually throws an annual holiday party, thi... [Read Full Article]


Obama Pleads for the Automakers, Chances for Passage Slim

Government and Economy Obama Calls for Auto Industry AidPresident-elect Barack Obama is appealing for passage of an auto industry rescue package. Obama: “The government can't just stand by and watch the industry collapse.” Murky Future for Auto RescueProspects for the $14 billion auto industry rescue package dimmed amid strong Republican opposition, despite urgent appeals from Congress, President-elect Barack Obama and the Bush White House. New Unemployment Surges UnexpectedlyNew claims for jobless benefits rose more than expected last week, one... [Read Full Article]