NEW YORK, December 4, 2007: Get your Secret Santa present wrapped - more
companies are holding holiday celebrations this year. According to Vault’s new
Company Holiday Party Survey, 75% of companies are having holiday parties, which
constitutes a 9% increase over last year.
Vault’s 2007 Company Holiday Party Survey was conducted in November, and consists
of responses from 310 employees representing various industries across the United
In terms of employer spending, 18% of survey respondents said the company was
spending less than last year, while 13% said the company was spending more. Guests
this year are slightly less welcome; 65% of employees are allowed to bring someone to
the party, a 7% decrease from last year.
Regarding romance, 18% of respondents have witnessed co-worker hook-ups at the
holiday party. Some employees behave badly, as 15% of survey-takers said that a coworker
has been disciplined or fired for acting inappropriately at the party. Alcohol is
served at 75% of company holiday parties.
The company holiday party is a ritual that many enjoy, but 17% of respondents actually
dread the gathering, up 4% from last year. According to one, “I spend enough time with
these people … I'd rather watch TV.”
Vault is the leading media company focused on careers. Vault offers over 120 nationally
distributed books and is celebrated for its online resource,www.vault.com, which
includes surveys and “insider” information on more than 4,500 employers, 4,000 colleges
and universities, and hundreds of industries and occupations, as well as the much-praised
Electronic WaterCooler™, the Internet’s first-ever network of message boards for
professionals with nearly 2,000,000 searchable posts. Vault was founded in 1996 by
Hussam Hamadeh, Samer Hamadeh and Mark Oldman.
Contact: Melanie London