Festive Business Facts Revealed

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18 Dec 2014

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  With just over a week to go until Christmas, new research* from Wolters Kluwer’s UK pay and benefits specialists, Croner, reveals some interesting festive workplace facts:

  • 53% of businesses close between 24 December and 2 January, with almost three quarters of employees having to use their annual holiday entitlement to cover this.
  • 74% of staff who work during the Christmas period receive no additional pay or time off in lieu
  • 68% of organisations close early on the last working day before Christmas
  • 83% of businesses said they were having a Christmas party this year, with 87% of those being paid by the company at a typical cost of over £25.00 per head
  • 66% of employees will not be receiving a Christmas gift or bonus this year
  • 55% of employees are holding a secret Santa gift swop this year, with the majority having a price limit of between £5.00 and £10.00.
Viv Copeland, Head of Reward at Croner, says: “In the last few years organisations have had to scale back on the extras that traditionally employees have enjoyed, like additional pay for bank holidays, or a Christmas bonus or gift. While we’re not likely to return to those pre-recession days any time soon, it is good to see some things back on the agenda, like staff Christmas parties. Although not a key motivator in retaining in employees, it shows them that they are appreciated by their managers and leaders.” *Sample size: 138 businesses, research carried out online between 1 and 8 December 2014.

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