Business

No Christmas parties in business
by Silvia Szarkova

The end of the year is the time for finishing the hard work that is being done the whole year and relax a little bit. In terms of company behaviour it means that your mother corporation could hold a party, even Christmas party, for the employees in purpose to build up the team, to make it stronger and to say : Dear Emloyee, thank you for your hard work. It sounds good...but then the crisis has come, and it made som companies to cancel the holiday parties- some of them are forced to do that for the second year in a row, and some of them rely on cheap organization, and believe that even team building party for Christmas is a possibility to save some money. But the vision of! double-dip recession, not everybody is concerned with the idea of party time. Every 10th worker is now unemloyed and the vision is not clearly positive in this case. However, employes cannot be punished for the recession, they have been working hard the whole year, and for many of them, the Christmas holiday party is the only way to contact colegues in a different, not working environment. "This is not an environment where anyone, including Wall Street, wants to have big Christmas parties. I think that you will see a much more conservative tone across all the firms," says John Thain, former Merrill lynch Chief Executive. That is why some hotels and restaurants decided to help provide Christmas parties- they can do it cheaper, when more companies are having it together. Anyway, I think that is one more reason to provide party for yor loyal employees.

related story (sgx16065): http://news.yahoo.com/s/nm/20091204/lf_nm_li! fe/us_fi nancial_...

by Silvia Szarkova for PocketNews (http://pocketnews.tv)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.

posted by Blog TechSource @ 12:25 PM