Christmas cancelled
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Recession causes employers to cancel Christmas
The majority of employers are planning to cancel Christmas, new research has revealed.
The research, from employment lawyer Peninsula, found that 83% of employers will not shell out on a Christmas party as staff want to save money due to the downturn, while 74% could not see the benefit of a Christmas party and 66% of employers had received harassment claims from workers following their Christmas party.
Peter Done, managing director of Peninsula, said: “The economic downturn has forced a lot of companies to cull their Christmas celebrations. With the economic conditions the way they are, firms just cannot warrant spending money on a Christmas party. These events represent a considerable cost to any firm, whether they employ five people or 50, and many employers consider this another process in tightening their belt and making their company more cost efficient. Firms who have been forced to make people redundant may also consider spending money on a Christmas party inappropriate, as well as detrimental to the streamlining plan they are implementing in their business.”
What do you think? Send your views to today’s online editor Graham Simons
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Readers' comments (1)
Stephen Hall | Wed, 29 Oct 2008 7:57 am
The article cancelling Christmas highlights a rather introverted view which seems to be shared by a number of organisations and whilst financial prudence is a key ingredient during a recession, far sighted employers can use Xmas events to motivate, thank and recognise outstanding performance in the current financial year, whilst using the event to drive home the need for greater company performance in the following year and beyond.
Sure it is good management to hone the costs but there is a need to look at a benefits analysis and potentially change the drivers for such events. In the case of organisations that have undertaken redundancy exercises look towards the remaining employees and use the event as an entry point for 2009, to motivate the teams and introduce retention processes for key employees who will create future wealth.
Stephen Hall
CEO
Stephen M Hall & Associates
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