With the economy slowly climbing out of a recession and the holidays right around the corner, many SMBs are debating what to do for their annual holiday parties, or even whether or not to have their parties at all. According to Newsday.com, only 62% of companies plan to have some sort of celebration this year. That's down from last year's 77%.
But even if you're on a tight budget, you don't want to do away with your company's holiday plans. A little creativity goes a long way and a it's always a great idea to let your employees know how much you appreciate them. Some companies are allowing their employees to have their parties, if the employees will pitch in. For example, having a potluck luncheon, where every employee brings a different dish.
At Super Enterprises, a company based in Melville, New York, the company opted for a lunch instead of an extravagant party. Managment cooked the food in rented ovens for the entire team. As a matter of fact, keeping your office party on-site is a great way to save money. You can let your employees decorate the office and hand out gifts instead of renting a facility for a night.
Another way to keep your holiday party relatively inexpensive is to switch up your menu. If you usually serve steak or fish, try grilling hamburgers and hotdogs or even a breakfast buffet. Or maybe even skip the real food all together and just have dessert. A sundae buffet is a fun idea for your employees. Any kind of buffet verses a full course meal is sure to help save money.
If you do end up renting an off-site facility, there are still a few ways to safely stay within your budget. Forego the full bar and serve wine or a smaller selection of drinks. Also, you can limit party guests to employees only, or insist employees bring only one guest.
No matter what you end up doing for your holiday party, just keep in mind that the important thing is to have fun and let your employees know how much they mean to you throughout the year.