Home Business News Despite economic challenges London bosses are more Santa than Scrooge this Christmas

Despite economic challenges London bosses are more Santa than Scrooge this Christmas

by LLB staff reporter
29th Nov 22 12:36 pm

Despite economic difficulties, a new survey shows that generous London bosses are still planning to give their staff Christmas parties, presents, or bonuses.

The survey of 2,000 workers nationwide, undertaken by Moneypenny, the leading outsourced communications company, showed that 73% of London workers said that their company will be providing a staff Christmas party this year, which is way above the survey’s national average of 50%.

London employers appear to be going bigger on bonuses, with 56% of London staff expecting a Christmas bonus, compared with just 23% of those in both the South East and South West, and only 18% of those in Yorkshire and Humberside.

The percentage of London workers expecting to receive a Christmas present from their company is way higher than in other regions: 59%, compared with 19% in both Wales and the West Midlands, and 20% in the South East.

The survey also showed that some generous London bosses are going to provide a combination of Xmas parties and presents or bonuses.

In addition, only 13% of London workers said they aren’t expecting to receive a Christmas party, bonus or gift from their bosses, compared with 55% of those in Yorkshire and Humberside and 48% of those in Scotland.

This year’s survey showed that of the small number of London workers who said they won’t be receiving a staff Christmas party, 68% said it’s because their company never provides a Christmas party, while 23% think it’s because company budgets have been cut, 11% said it’s because their company got out of the habit during the Covid pandemic, and 6% said it’s because their company is giving staff pay rises or financial help on other occasions instead, to help with the cost of living crisis.

Joanna Swash, Group CEO for Moneypenny said, “In times of economic uncertainty, it’s heart-warming to see that companies are providing a Christmas thank you for their people, and while office parties remain popular, there are certainly more creative ways in which you can thank your people.

“For example, at Moneypenny we’re curating a festive calendar with nearly 10 ways to celebrate, for example giving staff advent calendars, holding a desk decorating competition, and hosting a traditional Christmas dinner.

“We’re also holding a special Christmas market on the 22 December where our people will be able to get all the ingredients for their Christmas meal for themselves and their family, for free: turkey or ham or nut roasts plus all the trimmings to take home.

“I would also encourage companies to engage in acts of kindness and generosity to regain a sense of community. We’re spreading Christmas joy to our local community, working with a number of local charities to donate more than 450 meals to vulnerable people this Christmas.”

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