London firms will spend an average of £40 on each employee at this year’s office Christmas party, a survey reveals.
Most employers (71%) consider it a worthwhile expense, as they believe a party will help to foster team spirit and reward company loyalty.
But two in three directors polled said they would not turn a blind eye to those who failed to turn up for work the next day.
The London Chamber of Commerce polled 165 company directors. For about a third (35%), there will be no staff party this year.
The difference comes down to directors’ own attitudes towards festive celebrations, said the Chamber of Commerce.
Four in 10 directors admitted that they did not look forward to the annual event.
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