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
Big Mess in Italy
Are You Feeling the Economic Surge?
News Blog
3Q2016 (Final): Headline Productivity Improves
October 2016 Trade Data Mixed
October 2016 CoreLogic Home Prices Year-over-Year Growth Rate Now Improved to 6.7%.
Taiwan, Trump And A Telephone: How A Simple Act Called Out A Contradiction In U.S. Diplomacy
Infographic Of The Day: A Beginner's Guide To Encryption
Early Headlines: Asia Stocks Up, Oil Down, GOP Healthcare, Trump Not Reagan Redux, EU Ending?, UK Lost Decade, Putin Taking Over Mid-East, Yuan 'Flash' Crash And More
December 5, 2016 Weather and Climate Report - December Update - Zonal Prevails
Irish Births And Baptisms Visualised
What Happens In The Smartphone Afterlife
Water Intoxication: Are We Drowning In Advice To Drink More Fluids?
The Worldwide Virtual Reality Market Is Set To Be Huge
Average Gasoline Prices for Week Ending 05 December 2016 Rose Over 5 Cents
What We Read Today 05 December 2016
Investing Blog
Momentum Issues A Warning
The Great Bond Crash Of 2016: 05 December Update
Opinion Blog
The Shale-War Is Over
Fake Science
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
06Dec2016 Pre-Market Commentary: Wall Street Opens Higher, Crude Prices Fall Sharply, US Dollar Remains Soft, Gold Not Going Anywhere, Investors Waiting For Possible Correction
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



Crowdfunding ....






























 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 - 2016 Econintersect LLC - all rights reserved