While large businesses may have the resources to maintain their own in-house HR, payroll, & benefits teams, the same may not be true when it comes to small and mid-size businesses. Some small and mid-size businesses may opt to outsource some of these functions to a third-party (ex: payroll through a payroll company) or outsource the entire function by working with a Professional Employer Organization (PEO).

Year-end bonuses can be a way to show appreciation to your employees for their passion, dedication, and hard work over the course of the year.