Is the Office Holiday Party a Dying Tradition?

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Nearly one-third of businesses will skip the traditional office party this year. Find out what is behind the decision.

The tradition of the office holiday party might be slowly dying off.

A majority of organizations — 65 percent — will host a holiday party for all their employees this year, but a growing number will not, according to a recent survey about holiday activities in the workplace.

For the survey by the Society for Human Resource Management (SHRM), 385 randomly selected HR professionals were polled.

This year, 30 percent of organizations are forgoing a holiday party, which is a 13 percent increase since 2012.

Evren Esen, director of survey programs at SHRM, explains in a news release from the trade group:

“The outlook for holiday cheer is promising. But for some organizations, parties are a thing of the past.

“They may have been cut initially because of tough financial times during the recession or because of other reasons. But the fact is that more organizations are saying they are not having parties than in the past.”

Esen tells Bloomberg Business, however, that only 6 percent of organizations are citing budget constraints as the reason for forgoing a holiday party this year — which is down from 20 percent in 2009:

“Maybe they realized that nobody seems to be missing these.”

Other holiday-party findings from the SHRM survey include:

  • 83 percent of organizations have a budget for holiday parties.
  • 22 percent of organizations will close early that day.
  • 67 percent of parties will be off-site.
  • Alcohol will be served at 59 percent of parties.
  • Prizes will be given to random employees at 46 percent of parties.

Will you be attending an office holiday party this year? Let us know below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: 10 Free Things That Used to Cost Money

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 2,056 more deals!