11.8 C
New York
Friday, November 27, 2020
Home STARTUPS Finance Companies are holding off hosting holiday parties this year - and it...

Companies are holding off hosting holiday parties this year – and it may be because of #MeToo concerns

While companies are feeling better about the economy, many aren’t hosting holiday parties because of concerns about #MeToo, according to a new survey.
  • Only 65% of companies surveyed say they’re holding a holiday bash this year – the lowest percentage since 2009.


While the economy is going strong, fewer companies are holding holiday parties this year. That’s because some executives are concerned about inappropriate conduct as highlighted by the #MeToo movement, according to a new survey released this week by staffing consultancy firm Challenger, Gray & Christmas, Inc.

Only 65% of companies say they’re going to hold a holiday celebration this year – the lowest level since the depths of the financial crisis in 2009, the survey shows.

“The low number of corporate celebrations does not appear to be due to economic reasons. Companies are sitting on tax savings and generally report a thriving economy,” said Andrew Challenger, vice president at Challenger, Gray & Christmas.

Rather, unease about holding holiday festivities stems from the potential for sexual harassment and inappropriate workplace behavior, according to the firm.

In the survey, 58% of companies that are having a celebration this year reported they have talked about inappropriate behavior with their staff.

“The fact that nearly 60% of companies that are having parties have real concerns about inappropriate behavior shows that HR departments nationwide are responding to this particular issue,” Challenger said.

In addition, 27% of companies said they’ve never held a holiday party, the lowest percentage since Challenger first issued the survey.

“We have never seen so many companies report that they never have holiday parties. The number could be due to several factors, including potential liability following the #MeToo movement,” Challenger said.

Meanwhile, companies surveyed reported higher confidence in the economy compared to a year ago. The percentage of respondents who said they thought the economy had improved over last year rose to 62% from 48% in 2017.

The firm pointed out that another factor in the decline of corporate celebrations is probably the rise in the number of staff working remotely, which makes it harder for employees to convene for an office party.

Source: Business Insider

To Read Our Daily News Updates, Please visit Inventiva or Subscribe Our Newsletter & Push.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Delhi Chalo march: Punjab farmers face water cannons, push through Haryana barricades

Farmers from Punjab faced water cannons and broke police barriers at the state's border with Haryana as they pushed towards the national capital Thursday...

Is 2020 The Worst Year Ever? | Here’s What Historians Explain

The year 2020 began with a massive terrible bushfire in Australia that literally killed or displaced 300 crore animals. Later we had the COVID-19...

Democracy was tested this year, people up to the task: Biden

US President-elect Joe Biden has said democracy was tested this year when coronavirus hit and the people of the country showed that they were...

Trade unions in TN extend support to nationwide strike

Members of various trade unions in Tamil Nadu on Thursday took part in the nationwide strike to protest against the central government's new farm...

Recent Comments

%d bloggers like this: