Don't miss out on the fun. Small business owners are getting this party started!
Some 95% of small business owners are planning some type of holiday celebration for their employees this year, according to a poll released this week by Battalia Winston International. That's an increase of 12% since December of 2001.
Since 9/11, financial worries have inhibited business owners and have been driving them to cut back on activities perceived as an unnecessary spending of funds, according to the study, reported by small-business researchers at Warrilow & Co. "The partying spirit is returning, even though many companies are holding back on costlier outlays, such as year-end bonuses and salary increases," Warrilow says.
By throwing a holiday party, business owners could also be killing two birds with one stone. For much of 2004, business owners told us that they were concerned about employee retention and their ability to attract skilled labor. They are rewarding their employees for their hard work but also increasing staff retention efforts by making their staff feel valued and appreciated.
