Festive Business Facts Revealed

blog-publish-date

18 Dec 2014

blog-read-duration

  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.

Free to Download Employer Resources

  • Holiday Request Refusal Letter

    FREE DOWNLOAD

    Holiday Request Refusal Letter

    Read more
  • Letter Informing Employee they are to be Dismissed for Gross Misconduct

    FREE DOWNLOAD

    Letter Informing Employee they are to...

    Read more
  • Letter Informing Employee they are to be Laid Off

    FREE DOWNLOAD

    Letter Informing Employee they are to...

    Read more
  • Reasonable Adjustments: An Employer’s Guide

    BLOG

    Reasonable Adjustments: An Employer’s...

    The Equality Act 2010 defines disability as any ‘long-term’ or ‘substantial’ phy...

    Read more
  •  Statutory Notice Period: Employer's Guide

    BLOG

    Statutory Notice Period: Employer's ...

    Every business has a standard which they expect their employees to meet. If they...

    Read more
  • Cigarette Breaks: Should You Provide Them?

    BLOG

    Cigarette Breaks: Should You Provide ...

    Employees are not automatically entitled to take additional breaks to smoke duri...

    Read more
  • Syalons

    CASE STUDY

    Syalons

    International Syalons is a manufacturer of advanced ceramics, working for variou...

    Read more
  • Pangea Support

    CASE STUDY

    Pangea Support

    We see Croner being integral to our organisation moving forward, and we’d defini

    Read more
  • JC Couriers

    CASE STUDY

    JC Couriers

    With Croner it genuinely feels like they want me to be a success. And I'm happy

    Read more

Ready to focus on what you do best?

Get your free consultation and speak to an expert today.