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Friday, November 22, 2024

Choosing between bonuses or parties: What do employees want this holiday season

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Brian Calley President and Chief Executive Officer at Small Business Association of Michigan | Official website

Brian Calley President and Chief Executive Officer at Small Business Association of Michigan | Official website

As December approaches, companies begin planning their holiday celebrations. Employers face a decision between hosting a traditional party or opting for alternatives like bonuses or extra paid time off. The choice depends on factors such as company size, budget, and employee preferences.

Some surveys indicate that employees often prefer receiving bonuses or additional time off. However, there are benefits to organizing a holiday party. Such events can express appreciation for employees' work over the year and offer opportunities for interaction between executives and staff from different departments.

When considering a holiday event, employers must weigh options like in-person gatherings versus virtual parties. Virtual parties can include online games and activities with gift boxes sent to participants. In-person events require decisions about the guest list—whether to include families—and timing considerations, which could involve holding the party during work hours to maximize participation.

Activities at these gatherings can range from simple games and prizes to more elaborate crafts or offsite adventures depending on the company's budget. Suggestions include team bonding exercises or creative projects like making gingerbread houses.

Employers should also consider best practices such as hosting events during working hours for better attendance, choosing accessible locations especially for remote workers, and seeking employee input through surveys.

For refreshments, it's important to cater to dietary needs and manage alcohol consumption responsibly by using drink tickets instead of an open bar.

The decision on how to celebrate should align with company culture and what employees value most during the festive season.

"Sources: 7 Fun Work Christmas Party Ideas Your Employees Will Love. Indeed.com. (2024, October 31); Hartman, F. (2023, December 21). How to survive your office holiday party. Welcome to SHRM.; Shumway, E. (2023, December 19). Home for the holidays: Employees report declining interest in workplace social events. HR Dive.; Visier. (n.d.). Holiday partiers RSVP no to company-sponsored events: Visier Inc."

By Lauren Cromie

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