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 organisations made this task a last minute affair.
The trend of organising in-house parties vitalised among corporate houses. So, no deployment of corporate booking agency was taken as a cut in surplus expenditures.
The latest trends of 2015
Since the world has now overcome from that dark phase, the companies have approached back with a more powerful zeal to celebrate the work and success of their employees at the blessed Christmas Eve. But a little change can be seen this time. While preceding the recession, most companies would hire a corporate booking agency for their events four-five months back, they now seem to be more interested in making it a last minute affair. For an instance, they will call the event management firm a few weeks back, to plan and manage their corporate Christmas event.
Despite knowing the fact that Christmas is the peak time, and no venues, caterers and entertainment options will be available during the festive season, they choose to hire event planners at the very last minute.
Many event organisers claim this new trend to be demoralising as not many options are available before them to offer to their client organisations. While the organisations assert due to the overburden of work and incomplete assignments, the budget for their event is not decided until the last week on November.
October, in general, is that time of year when appraisal and promotion of employees take place. So, many new employees join and oldies leave. Thereby, the exact number of heads for which the party has to be planned and organised is not decided until the last of November.
Be it whichever reason, it is surely a stressful state of affairs for event planner agencies. They have to work in extra shifts just to make their clients’ event a perfect event.
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 organisations made this task a last minute affair.
The trend of organising in-house parties vitalised among corporate houses. So, no deployment of corporate booking agency was taken as a cut in surplus expenditures.
The latest trends of 2015
Since the world has now overcome from that dark phase, the companies have approached back with a more powerful zeal to celebrate the work and success of their employees at the blessed Christmas Eve. But a little change can be seen this time. While preceding the recession, most companies would hire a corporate booking agency for their events four-five months back, they now seem to be more interested in making it a last minute affair. For an instance, they will call the event management firm a few weeks back, to plan and manage their corporate Christmas event.
Despite knowing the fact that Christmas is the peak time, and no venues, caterers and entertainment options will be available during the festive season, they choose to hire event planners at the very last minute.
Many event organisers claim this new trend to be demoralising as not many options are available before them to offer to their client organisations. While the organisations assert due to the overburden of work and incomplete assignments, the budget for their event is not decided until the last week on November.
October, in general, is that time of year when appraisal and promotion of employees take place. So, many new employees join and oldies leave. Thereby, the exact number of heads for which the party has to be planned and organised is not decided until the last of November.
Be it whichever reason, it is surely a stressful state of affairs for event planner agencies. They have to work in extra shifts just to make their clients’ event a perfect event.
Comments
Post a Comment