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Cost-Cutting Parties Money

Our company has been very frugal this year. Our pay is frozen, bonuses are a fraction of what they once were, and there have been layoffs. That's why it was shocking and upsetting to see the company throw an elaborate year-end bash. Do you think management made a mistake?

Without having more information, it would not be fair to bash management because of a year-end bash. When a company is in a financial mess, there can still be good reasons for throwing a party as well as for throwing out the whole idea of one.

If your company is in a dire financial mess with the vision of even darker clouds on the horizon, it does not make sense to spend time or money on an elaborate party. Such resources are far better focused on the company's financial situation. If management still wants to do a year-end party, it should be consistent with the way the company has been operating during the year. This can mean a very basic gathering, such as an onsite pot-luck.

However, if management believes that the financial corner has been turned and the coming year is going to put the company back on track, a more elaborate party can serve as a way to thank the employees, build morale, share some fun times, and set some positive expectations for the future.

Depending upon what else is going on in the company, throwing a year-end party can be a great idea or an idea that grates.

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Reader comments

Posted by Putra on 2015-11-27 17:25:39
I think your website is great and will ctnnioue to check it out I had a special party in Buenas Aires and wish I had a site like this to go to for assistance. I will be traveling to NYC in December and will see what you recommend I am glad someone finally came up with the idea!