Company Holiday Parties Regaining Popularity
When the economy took a nose-dive in 2008 company holiday parties were one of the first casualties. As the economy slowly begins to stabilize and businesses see sales increasing, some are again hosting holiday events, though not usually as lavishly as in years past. In a survey of 2,600 employers, CareerBuilder.com found that 58 percent of companies will have some type of celebration this year. That is up from 52 percent in 2010 and 49 percent in 2009 but way down from 96 percent in 1997. In contrast, just 36 percent of employees who were surveyed plan to attend their company's event. No reason was given for the lack of interest in the parties.
Most parties will continue to be simple and less expensive than a few years ago. About 60 percent of business owners are limiting attendance to employees. Most will hold their party during the workday or near the end of the day with many luncheons and potlucks planned.
The reasons given for hosting a party include improving employee morale, celebrating increased business in 2011 and showing employees and key customers that the company is optimistic about the coming year.
Year end perks are also up with 40 percent of employers stating they plan to give employees a bonus and 30 percent planning to also give gifts to employees.
Most parties will continue to be simple and less expensive than a few years ago. About 60 percent of business owners are limiting attendance to employees. Most will hold their party during the workday or near the end of the day with many luncheons and potlucks planned.
The reasons given for hosting a party include improving employee morale, celebrating increased business in 2011 and showing employees and key customers that the company is optimistic about the coming year.
Year end perks are also up with 40 percent of employers stating they plan to give employees a bonus and 30 percent planning to also give gifts to employees.
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