Why Throw The End Of Year Staff Party?

One of the most rewarding times for employees and freelancers is the end-of-the-year staff party. Not only is it closure for another in business, but it’s also a great time to bring your workers together in an informal environment.

There is a saying: ‘The team that parties together stays together,’ . While this may be a variation of the original quote, there is evidence that workers are happier at work when the company shows its appreciation for its workforce.

Develop Event Hosting Skills

Hosting the annual event is not for the faint-hearted. There is no pressure like pulling off the party of the year for your boss and fellow workers; however, there are many online resources. Apparel business RushOrderTees provides exciting tips on how to create the best company employee party ever.

Elite Entertainment has excellent advice on what to include and leave out. Suppose you’re teetering on passing the responsibility of organizing it onto someone else. In that case, their article on why to throw a party is sure to calm you down and get you focused on creating a memorable occasion for all. Remember, it’s fun; it’s a party, not a funeral, so what could go wrong?

Nothing and everything can go wrong at any event, so there’s is no point worrying about what can go wrong; the time is better spent on a contingency plan. What is your action plan if the caterer fails to show, so there’s no food for the quests? Or if the entertainment is a no-show, do you bring out the karaoke machine? If you’ve planned for the unforeseen, your guests will likely be none the wiser.

The work party is still popular with 90% of businesses, reluctant to let it go. Even in tough trading times, ‘the office party’ is an expense that’s hard to remove as it provides so much value to the company and the staff.

Appreciation

Top of the list of reasons to continue with the tradition of the annual company party is ‘staff appreciation.’ All your workers, including your part-timers and freelancers, need to know the owners and management appreciate them. The big yearly bash is the perfect occasion as it brings together staff and direction for the right reasons, i.e., to communicate informally, solidify the company culture, and build some memories.

Motivating

When it gets close to the end of the year, worker productivity slides, so with the office party on the horizon, staff turn up to work happy, excited with anticipation, and use their energy to get the work done, especially when there are staff awards up for grabs.

Awards

The yearly bash is opportune for handing out staff awards. All staff can win a prize and will be assessed on their performance throughout the year. If some workers feel they haven’t done enough, they’ll present their best side in the weeks leading up to the party.

Therefore promoting worker productivity and their chance of winning a prize and possibly a trophy at the end of the year bash boosts focus, creates ingenuity, and improves staff morale.

Tax-Deductible

The company party is a worthwhile investment; depending on your location and state or country, most of the expense is tax-deductible. Check with your tax advisor on what portion can be claimed as a tax-deductible expense.

Insurance

Check your insurance policy so you know where you can host your company party and if you can include sports and games. You may require first aiders and responders to present, and consider getting waivers signed for some activities.

Summary

The company party is sure to continue in one form or another. Whether it’s on your premises or hosted at a venue, it’s sure to deliver value to your business and get them focused on the goals for the year ahead.