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Employee bonuses during coronavirus

Continued health coverage, paid sick leave, financial wellness programs and more take the spotlight in wake of COVID-19.
By: | March 23, 2020 • 1 min read
Topics: Uncategorized
Employers are expected to allocate the largest amount of their payroll budget to bonuses in the history of Aon's 43-year study.

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Bonuses may help employees through tough times during the pandemic, as well as show appreciation for workers.

Facebook last week said it will give $1,000 bonuses to employees, and Workday is providing a one-time payment—equivalent to two weeks’ pay—to the majority of its employees to help accommodate any unforeseen costs. Walmart will pay $300 to full-time employees and $150 to part-time employees for a total payout of more than $365 million. Kroger is providing one-time bonuses to every hourly frontline grocery, supply chain, manufacturing and customer service associate, amounting to $300 for every full-time associate and $150 for every part-time associate.

“The true heroes in this story are our associates, and we want to provide them with additional resources and support to help them continue their remarkable effort,” Kroger CEO Rodney McMullen said in a statement.

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Kathryn Mayer is HRE’s benefits editor and chair of the Health & Benefits Leadership Conference. She has covered benefits for the better part of a decade, and her stories have won multiple awards, including a Jesse H. Neal Award and honors from the American Society of Business Publication Editors and the National Federation of Press Women. She holds bachelor’s and master’s degrees from the University of Denver. She can be reached at kmayer@lrp.com.

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