This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Rules of the New Office Holiday Party

CHICAGO ( TheStreet) -- The office holiday party is a December tradition, but like many it must change with the times. While free-flowing cocktails used to be a given, today's office festivities are just as likely to be alcohol free. Back in the days of unlimited entertainment budgets, companies were considered chintzy if they didn't spring for a lavish meal for employees and spouses; now, rampant cost-cutting has made semi-formal dinner-and-dancing parties an endangered species.

So what are the new rules of the office party? When small businesses are performing a cost-benefit analysis on practically every penny of spending, can they justify the expense of an annual office bash?

With office-party season in full swing, here are the key issues small-business owners should keep in mind when it comes to holiday celebrations:

1. DO ask your staff
While holiday parties can be a good way to reward employees with some free food and time off work, they aren't necessarily the best use of your money. After all, some offices are more social than others. The best way to assess whether a party makes sense for your particular group of workers is to ask them.

It's something that happens all too rarely. In the vast majority of cases, workers are simply informed about the party rather than being active participants in the planning.

If the general consensus is that employees would rather not have a party, owners or managers can still spread some holiday joy by calculating what the cost of a party would have been, then divvying up that money as bonuses instead.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs