The difficult economic circumstances over the last 12 months have not stopped companies celebrating the festive season, with two thirds of UK companies holding Christmas party nights this year.
According to the results of the survey conducted by serviced officer provider Regus, which polled 1,126 companies, bosses were found to still be planning to reward staff following difficult trading conditions over the last year. The survey questioned businesses of all sizes across the country and found that spending on celebrations, particularly among small and medium companies, was above average.
As reported by Meetpie, 32 per cent of SMEs are spending between £1,000 and £5,000 on their corporate Christmas party, while 31 per cent of large companies are splashing out in excess of £5,000.
However, it is not just their staff that companies are planning on rewarding, as some businesses are set to thank their clients and customers too. 47 per cent of the companies questioned said they would be investing in corporate Christmas gifts for their customers, though this figure rose to 50 per cent of all SMEs.
Celia Donne, regional director at Regus, said: “It makes good business sense for companies to reward their staff with celebrations following tough times. A bonus or a staff party is a good morale booster and recognises employees for their contribution in the past year.”