Less than one-quarter (23%) of companies are planning holiday celebrations this year, down from a little more than three-quarters (76%) last year, according to a Challenger, Gray & Christmas, Inc, survey of 189 HR professionals. Of those planning a celebration, nearly three-quarters will hold virtual events, according to the Oct. 26 report.
Roughly 55% of companies said they will not have holiday festivities this year, the highest number recorded since the firm started its survey in 2004. Others remain undecided. Most (44%) who plan to skip the party said they canceled plans because of the coronavirus; 5.3% said they are cutting costs and 4% said they never hold holiday parties.
Many of those holding in-person events said they’d mandate masks and social distancing, limit the number of attendees, hold events outside and take temperatures.