“If you can laugh together, you can work together” (Robert Orben)
There’s no requirement or obligation for companies to host a year-end party for employees, clients, or suppliers. This is true even if there’s a company tradition of an end-of-year bash, or where there may be expectations of a year-end party for clients or suppliers in certain industries.
Read on for the lowdown on the pros, cons, and tax implications of hosting a year-end party (or parties).
The benefits of year-end functions
For many, a year-end party is a highlight. A great meal, free drinks, and the opportunity to mingle socially with your colleagues. It can even be a motivator when linked to company performance over the year. Here are a few other benefits:
- By creating shared memories that are talked about throughout the year, these functions can create a sense of belonging.
- Employees get to know each other better, making connections, building trust, and helping to improve communication and collaboration. In the same way, functions for clients and suppliers are a chance to make professional connections and even new friends.
- A company-sponsored celebration offers a change of scenery, routine, and pace that can boost employee productivity when you get back to the office. Among clients, it can increase levels of customer satisfaction and loyalty… READ FURTHER >>> https://shorturl.at/LDKQs