71% of employees 'would prefer cash' to Christmas party
Business News 24 Dec 2013
Over half of UK businesses arranged a Christmas party for their staff this year, but the majority of employees would prefer to be given the money spent per head as a Christmas payment instead.
London was the city where most employers decided to throw a Christmas celebration. 71% of London employers hosted a party for employees. This number was slightly lower in the South-West, at 66%.
A third of those questioned said that their employers shut their business over Christmas and New Year and that they were therefore required to take time off over this period.
Tom Gaynor, employee benefits director of MetLife UK, said that the results were 'understandable with finances under pressure' but pointed out that because Christmas parties are tax free for the employee, they would most likely be 'better off enjoying the party'.