It's time to start budgeting for your year-end bonus.
"We don't have a lot of hard numbers yet, but the economic indicators are showing that it's likely that bonuses are going to be good this year," said Andrew Challenger, vice president with outplacement firm Challenger, Gray & Christmas.
He points to unemployment rates at or below 4 percent in many markets.
"When there's a job shortage, employers really need to compete to retain, and they are starting to do that with compensation," he said.
Three-quarters of companies plan to give employees a cash bonus this year, up from 67 percent last year, according to a new survey from staffing firm Accounting Principals. The average bonus is up, too, from $858 last year to $1,081 this year, said Kim Gottschalk, senior regional vice president for the firm.
The survey polled 500 hiring managers in September, with a margin of error of plus or minus 4.4 percentage points. Accounting Principals specializes in accounting and finance positions, but the surveyed HR managers come from a variety of fields.