Connect with us

Management

Why Throw The End Of Year Staff Party?

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’, and 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 of its workforce.

Develop Event Hosting Skills

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

Elite Entertainment has excellent advice on what to include and leave out. If you’re teetering on passing the responsibility of organising it onto someone else, their article on why 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 possibly 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. If the caterer fails to show, so there’s no food for the quests, what is your plan of action? Or if the entertainment is a no-show, do you bring out the karaoke machine? If you’ve planned for the unforeseen, then your guests are likely to 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 and the big yearly bash is the perfect occasion as it brings together staff and management for the right reasons, i.e. to communicate informally, solidify the company culture and build some memories together.

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 an award, and they will be assessed on their performance throughout the year. If some workers feel they haven’t done enough, they’ll be presenting their best side in the weeks leading up 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, and 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 be required to have first aiders and responders present and also 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.

BusinessBlogs is the popular online Hub for quality business articles. We publish unique articles and share them with our social followers. Read more on our 'About' page https://businessblogshub.com/about/

Continue Reading

Trending