
Extravagant office holiday parties? Sayonara. Unexpected expensive gifts? Those days are gone for now. Workplace gift exchanges among employees? This year, not so much.
Glassdoor released the findings from its holiday workplace survey today which highlights how those employed, affected by layoffs or other cost-cutting measures, and unemployed plan to tackle gifts, parties, travel and all that the season brings with it. As part of the Glassdoor survey of more than 2,250 people, we wanted to find out: What do people plan to cut back on this season compared to a typical holiday season? Bottom line: people are reducing gift budgets and plans to attend holiday parties and travel, even more so among employees who work for companies that have initiated or communicated layoffs in the past six months, which accounts for 27% of employed adults (1). Survey highlights include:
Gift Budgeting: More than half (52%) of those whose company has laid off or communicated layoffs in the past six months plan to cut back on budgets for gift purchases, compared to 40% of all employed adults.
Gift Exchanges: Gift exchanges will either be less common or less pricey: 28% of employed adults plan to cut back on gift exchanges with co-workers; whereas, ...
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- Budgets, Career/Workplace Relationships, Layoffs, Seasonal, Survey, Unemployed, Workplace Culture