This year more and more companies are spreading holiday cheer by treating employees to office parties.
Research conducted last month by Battalia Winston found that 105 companies have committed to throwing a holiday party this year. This is a 17 percent increase from the 74 percent of companies that threw holiday parties last year.
Many executives are finding that a holiday party is just what their company needs to raise morale in recovering from difficult economy.
“It seems that companies are moving back to a state of normality,” said Dale Winston, CEO of Battalia.
However, nine of the companies surveyed said they would not be hosting an in-house holiday celebration. According to a study published in Forbes, some companies find that their employees are more interested in holiday bonuses rather than celebrating the season with a party.
Some companies such as law firms, drug-makers and health care companies have finished the year on the up and up are willing to spend more money on an extravagant affair. While companies who did not fare well this year are not so fortunate.
Matt Ostroff, a partner at EBE Events & Entertainment said one of his health care clients threw a holiday party for only 100 employees last year. This year, however the company is set to celebrate with 700 attendees.
“Business definitely is better,” said Ostroff. “Companies are back to having celebrations.”
He believes that employers want to show their appreciation to their team for their efforts in achieving this year’s accomplishments. Ostroff said this applies to both small and large businesses.