2007-08 Holiday Season Shows Employers Demonstrating Unprecedented Generosity to Workers in the Form of Parties and Paid Leave, While External Charitable Giving Drops

Source: BNA

Employers are expressing gratitude in the form of more holiday parties and paid leave, while participation in charitable activities has dropped substantially from 2006 and 2005. Gift items are becoming rare, as cash and bonuses have replaced the traditional holiday turkey.

For more than two decades, BNA’s Year-End Holiday Practices Survey has offered an annual snapshot of companies’ plans for marking the year’s end and recognizing employees’ contributions with benefits like paid time off, special holiday work schedules, holiday parties and celebrations, employee gifts and bonuses, and holiday charity. This year’s results are based on the responses of human resources executives representing 210 U.S. employers.

Survey highlights include:
* Companywide holiday parties are enjoying unprecedented popularity and employer spending appears to be rising. Two-thirds of employers will sponsor a holiday party, tying the record set last year. Most employers will pay the full cost of these parties without contributions from workers.
* Fewer employers will be participating in charitable activities. Fifty-eight percent of all employers plan to be involved in community activities, such as toy, food or clothing drives. This continues a trend that saw a drop from 72 percent in 2004 and 2005 to 66 percent in 2006.

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