Changing Trends of Corporate Christmas Events
At the borderline of the gone decade, the global economies witnessed a great slowdown and downfall. This was exactly when companies around the world started making changes in their work culture and controlling their expenditure. To cut their expenses, leading organisations like Yahoo, GM, etc. scrutinised thousands of their workers all over. They, in addition, scrapped their employees’ quarterly bonus and many companies chose to cut down their surplus expenditure, a great share of which was on corporate events and fairs. By changing the way and style of their employee engagement activities, most of the organisations managed to reengineer their expenses and capital. Prior to the recess in the world economy, companies would start making arrangements for their corporate Christmas events at the beginning of July or August. They would book caterers, venue, and purchase the lot of gifts to be distributed among employees. But after the recession hit the global financial system, several organ...