Published December 18, 2023
Goodbye, hotel ballrooms and DJs. Hello, office potlucks and budget cuts
Last year, companies pulled out the stops and partied in December. This year’s holiday parties are more likely to involve Santa cookies in the breakroom.…One recent survey of employers shows a surge in workplace holiday merriment, albeit with scaled back budgets. A November poll of more than 200 companies found 64% were planning gatherings this year, up from 57% in 2022, according to Challenger, Gray & Christmas, the outplacement firm that conducts the annual survey. The revelry appears more measured, however. Companies polled said they were cutting back on catering and alcohol, and favored their own premises rather than costly event space.There are those who are simply not in the mood this year. Add the employees with little patience for after-hours schmoozing, and it is enough to make employers switch gears. Nearly 60% of companies said they would host holiday gatherings during the traditional workday, up from less than half last year, Challenger, Gray & Christmas said.
From Challenger’s 2023 Holiday Party Report
Source: Challenger, Gray & Christmas, Inc. ©
Challenger’s Year-End Survey Covered Holiday Bonuses
Source: Challenger, Gray & Christmas, Inc. ©
Read the Challenger 2023 Year-End Report here.
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Contact Colleen Madden Blumenfeld for more data or to set up an interview with SVP Andy Challenger.
