econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 15 December 2015

2015 Holiday Party Survey: 80% Having Parties, Scaling Down

from Challenger Gray and Christmas

Company holiday parties still appear to be in vogue based on a new survey showing that 80 percent are planning to have one, but there is mounting evidence that more companies are moving away from the extravagant affairs that were common prior to the Great Recession.

In the survey released Monday by global outplacement consultancy Challenger, Gray & Christmas, Inc., just over 80 percent of companies are planning to have a holiday party. About 13 percent of respondents indicated that they are having their first holiday party after one or more years of not holding one. Said John A. Challenger, chief executive officer of Challenger, Gray & Christmas:

With the notable exception of the oil industry, where falling prices have caused many companies to make significant cutbacks, most industries are enjoying the fruits of a growing economy. Most employers want to celebrate and reward their employees for their contribution to continued success.

The Challenger survey was conducted in November among a small sampling of approximately 75 human resources executives, representing a variety of industries across the country.

It is difficult to say if the recent shooting in San Bernardino, which occurred during a workplace holiday party, will prompt companies to cancel or alter their party plans. We speculate that most employers will not let fear dictate the decision to move forward with parties. However, we do expect that event, at the very least, to prompt further discussion within the party-planning groups.

In the Challenger survey, 19 percent of respondents said that their companies would not be having a party this year. Most of these indicated that they never host year-end parties. The percentage of companies not having parties is nearly double the approximately 10 percent of companies not having parties a year ago.

In a separate survey on holiday parties by the Society of Human Resource Management (SHRM), about 30 percent of respondents said their organizations would not be holding a party this year. Challenger added:

Holiday parties may be falling out of favor. Some companies may have cut them during the recession and found that they weren't really missed. Parties can be a morale booster, but they can also be a source of stress for many employees. And, they are most certainly, a potential source of workplace pitfalls, especially if alcohol is being served.

More than half (54 percent) of the respondents said their holiday parties would include alcohol. That was about equal to the 59 percent who said the same in the SHRM survey.

The dos and don'ts list, which is already pretty long when it comes to workplace functions, becomes even longer when alcohol is involved. Actions typically governed by common sense take on an entirely new level of potential risk, as the level of good judgement shrinks in direct inverse proportion to the number of drinks consumed.

Nearly one-in-three respondents (31 percent) said their party will be held on company premises. That is unchanged from a year ago.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Is Free Trade Harming the Economy?
Bank of England Endorses Post-Keynesian Endogenous Money Theory
News Blog
Early Headlines: Asia Stocks Up, Dollar, Oil Up, Gold Down, Investors Bet Higher Oil, Kraft-Unilever Deal Off, French Election Turmoil, Trump Worries Germans More Than Putin, Japan Imports Surge And More
Most Read Articles Last Week Ending 18 February
Living Through The Greek Crisis: An Anthropologist Reports From Thessaly
ITunes Still Popular Among U.S. Music Lovers
President Trump, You Need A Lesson In Autism - Here It Is
Defense Budgets Are Surging In The Baltic States
What We Read Today 19 February 2017
Half Of Small Businesses Say Regulations Are A Problem
Historical Photos In Color
Total Household Debt Nears 2008 Peak But Debt Picture Looks Much Different
Parental Proximity And The Earnings Consequences Of Job Loss
The Evolution Of Home Equity Ownership - Part Two Of Five
How To Easily ID Support And Resistance On Your Charts
Investing Blog
Bulls Keep Running, But . . .
The Week Ahead: Trump And The Business Cycle
Opinion Blog
Charity Is Not How We Solve Poverty
At A Turning Point In US History, Shepard Smith Denounces Trump
Precious Metals Blog
The Best Gold Stock To Buy Right Now
Live Markets
17Feb2017 Market Close: US Markets Close In The Green Surprising The Bearish Analysts, Monday Markets Will Be Closed For Presidents Day Holiday
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved