Desperate times call for desperate measures – but do not ditch the all important Christmas party this year for the sake of a few pounds, the Forum of Private Business has warned.
Research this year has suggested more than half of small businesses are expected to do away with the annual festive bash for staff.
However, the Forum warns bosses that this risks alienating workers – who have more than likely worked hard during a particularly tough year – and eroding morale further.
Chief executive, Phil Orford, said: “The benefits of an annual get-together cannot be underestimated. They encourage communication, motivate staff, and reward them at a time when other perks, such as pay rises and bonuses for many just aren’t an option.”