While the economic recovery failed to make great strides in 2011 and, in fact, appeared to stall in the second half of the year, nearly 70% of companies still plan to hold holiday
parties in the coming weeks, according to an annual survey of human resources executives conducted by global outplacement firm Challenger, Gray & Christmas, Inc.
The percentage of companies hosting parties is about the same as a year ago, but remains well short of a pre-recession 2007, when about 90% of companies surveyed held holiday
The non-scientific survey of approximately 100 human resources professionals found that the overwhelming majority of companies holding parties (95%) are budgeting about the same amount for their events as a year ago.
Only about 30% of companies surveyed are holding their parties on company premises. That is down from 53% of companies that did so a year ago. Sixty percent of companies are limiting attendance to employees only, perhaps excluding spouses or significant others in an attempt to save on cost. More than half (55 percent) are holding the party during the workday or near the end of the day. 11.22.2011