Home Business News Companies to spend 142% more on employees this Christmas

Companies to spend 142% more on employees this Christmas

by LLB Finance Reporter
7th Nov 23 6:28 am

Remote workers are set for a very merry Christmas as employers gear up to spend a whopping 142% more on their festive celebrations, according to a study by Avva Experience.

The corporate experience company analysed data from over 200 companies, which revealed an average Christmas party budget of £58 per person, compared to £24 on employee events held earlier in the year.

The study also showed Thursday is the most popular day for virtual Christmas parties, with nearly 30% of events taking place on this day. Whilst Mondays were the least popular weekday.

Interestingly, escape rooms and virtual challenges are the most-loved Christmas party activities, with 35% of companies preferring this over activities like cocktail making and wine tasting.

Media, advertising, and investment banking industries were the biggest spenders – with average budgets of £75, £70, and £63 per person, respectively.

Avva Experience CEO and co-founder, Barnaby Sellers, said: “Virtual Christmas parties are a great way for companies to show their appreciation for their employees and celebrate the holiday season.

“This data highlights the importance companies place on boosting employee morale and celebrating achievements which is really encouraging. As remote working continues to be the norm, and companies seek to bring together geographically dispersed teams, virtual events and experiences are becoming increasingly popular.”

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