Holiday rewards differ from regular bonuses or incentives primarily in their timing and purpose:
- Timing: Holiday rewards are specifically given during the holiday season, typically around festive occasions such as Christmas, New Year, Thanksgiving, or other cultural holidays. In contrast, regular bonuses or incentives can be provided at any time of the year based on performance reviews, milestones, or specific achievements.
- Purpose: Holiday rewards are often intended to celebrate the holiday spirit, express gratitude and appreciation to employees for their contributions throughout the year, and foster a sense of togetherness and goodwill. Regular bonuses and incentives are generally tied to performance, productivity, or meeting specific goals, serving as financial incentives to motivate employees year-round.