Hiring remains sluggish, but at least most companies are in a party mood.
More than 83 percent of companies are planning a holiday party this year, according to a recent survey of human resource executives. That’s up from 68 percent in 2011, but still lower than the 90 percent who partied in pre-recession 2007.
The survey by consulting firm Challenger, Gray & Christmas found that 10.3 percent of the companies surveyed are having a holiday party after one or more years of not partying. Seventeen percent of the companies said they will spend more on this year’s holiday party than they did in 2011.
Despite a still sluggish economy, 70 percent of companies will hold holiday parties for their employees this year, according to a survey by outplacement consultancy firm Challenger, Gray & Christmas.
“The economy is not improving as fast as many had hoped. While some companies are seeing improvements, most are still stuck in first gear and continue to hold off on hiring, equipment upgrades and other big expenditures. Yet, despite the less-than-celebratory business conditions, the majority of companies refuse to abandon the year-end holiday party,” CEO John A. Challenger said in a news release.
Is your company still in a party mood?