Year-End Holiday Practices, 2007
During the 2007-2008 year-end holiday season, employers will throw corporate parties and granting extra time off to employees in addition to Christmas and New Year's Day, according to BNA's annual year-end holiday survey. And although employers will offer fewer holiday gifts and bonuses to employees this year, amounts will still eclipse last year's record-setting figures. Participation by employers in charitable activities during the 2007-2008 year-end holiday period, however, is expected to be substantially lower than recent years.
Highlights of this year's survey include:
- The calendar facilitates more generous paid leave during the 2007-2008 holiday season.
- Of the broad industry sectors covered in the report, manufacturing is the one in which employees are most likely to receive paid holidays in addition to Christmas and New Year's Day.
- Some employees will be required to work holiday shifts, but they will receive extra pay, compensatory paid time off, or both.
- Less largess among large employers will drive down the prevalence of holiday gifts and bonuses this year.
- Gift items are becoming a rare commodity.
- Most employers have policies addressing the acceptance of holiday gifts from clients or other outside sources.
- Companywide holiday parties are enjoying unprecedented popularity, and employer spending on such events appears to be rising.
- Alcohol will flow less freely at this year's parties.
- Fewer employers plan to sponsor or participate in community activities this holiday season.
The pdf for this survey can be downloaded as part of your membership to Payroll Decision Support Network.
For more information about Payroll Decision Support Network or to arrange a complimentary demonstration with one of our Account Executives, please call 1-800-372-1033.
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