Friday, December 10, 2010

Kiss Holday Parties Goodbye


Do you have fond memories from your last corporate holiday party? Do you remember the time your shy co-worker had a little bit too much spiked cider? Well if you enjoyed those moments and would like to make more every holiday season, you better be willing to cough up the cash.

Blake Ellis writes that Wall Street corporations have stopped funding the Holiday fun. Employees are now required to chip in $30 if they want to have a party, or a good time.

I understand that we are in the middle of a depression, but I don't think that the way to save money is by cutting parties. Forcing employees to pay to have parties is demoralizing. Corporations are supposed to host and fund these parties as a thank you to your employees. What sentiment is it sending to say, "Please contribute $30 to the party"? Not a good one. Most employees will probably not attend the party, because they could have a better one at home for less than $30.

Corporations need to find the middle ground between saving money and showing their employees their appreciation. I suggest that parties still be held and firm funded, but only to a certain extent. The company could promise its employees a catered meal, but have BYOB. That way, they could save money, but at the same time encourage firm-wide bonding and appreciation.

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