Between the hangovers, the stress, and the Monday-morning shame, they’re happier without it. Our research showed that:
- Half of employees are happy there’ll be no traditional staff Christmas party this year
- 1 in 5 say they won’t miss the dreaded office Christmas party hangover
- 9 out of 10 would prefer cash instead of a staff party
- 1 in 4 would save the money and 1 in 10 would treat their partner to a night out
- Almost 1 in 10 say avoiding the ‘walk of shame’ next day and apologising for embarrassing behaviour is a perk of office Christmas parties being called off
Given the choice between an office Christmas party or £50, 9 in 10 said they’d be happy with the cash. Fortunately, HMRC’s Trivial Benefit Allowance enables businesses to gift £50 to employees tax-free, allowing companies to save £33.68 per basic tax-paying employee (£48.10 for higher rate tax payers).
The research, conducted with 1,002 British employees by YouGov, revealed that 46% don’t want a company Christmas party at all this year, compared to 24% who do want one.
Even post-Covid, British employees are not keen on a postponed ‘Christmas do’ – 51% said they wouldn’t attend, compared to 36% who would consider it next year.
When asked how employees would spend the £50, almost one in four (23%) said they would save it and 17% would put it in their Christmas fund.
A romantic 11% said they would spend it on a night out with their partner, whereas only 5% said they would spend it on a gift for their kids.
Interestingly, 7% said they would spend it on themselves and not tell anyone.
Avoiding the dreaded office Christmas party hangover (21%) was the biggest perk of traditional in-person celebrations being cancelled this year, followed by avoiding ‘bad behaviour’, including dad dancing, chatting up a colleague and telling regrettable home truths (8%).