Fewer firms paying for staff Christmas parties

Just 23% of companies are paying for an annual Christmas party for staff this year, down from 38% last year, according to a survey by Travelodge.

Fewer firms paying for staff Christmas parties
Fewer firms paying for staff Christmas parties

The hotel chain surveyed 6,000 British workers regarding their Christmas work do and key findings revealed the traditional yuletide office party laid on by bosses is dying out.

This year 47% of employees will be paying for their annual Christmas works do, at an average cost of £49.79 per individual.

The results back up a recent report by Prestige Scotland, which said that it has seen a "major rise" in the number of informal Christmas parties booked by workers because the official Christmas bash had been cancelled.

The Travelodge report also predicted that Christmas festivities would cost companies £888 million as workers predict their productivity will halve following their annual Christmas bash this festive season.

With 70% of workers set to party at least two nights over the next seven working days, employers can expect a day of lost productivity due to their workforce spending at least three and half hours nursing a hangover the morning after.

Further research findings revealed a quarter of British employees will call in sick‚ the morning after their Christmas works night out.

Are more corporates cancelling Christmas parties this year? Vote in the C&IT poll on the homepage.

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