December 7, 2005 |
Posted By Diane Pfadenhauer |
Bah Humbug! Employers Spending Less on Holiday Festivities This Year
According this recent article, employers are likely to spend less this holiday season on parties, gifts and the like. Here's what you can expect:
- 87% of employers will have some type of holiday celebration, down from 95% last year. Only 17% of companies expect to have more expensive parties this year.
- More companies are doing away with the year-end bonus. About 60% of companies will not award them this year, according to Hewitt Associates.
- In 1988, more than half of companies gave gifts. This year less than 62% will.