Your employees would be eagerly waiting for some celebration during the holiday season. For small or medium businesses, parties can indeed be a costly affair. So even if you plan an office party, you might cut down on certain things and minimize the cost. However, this may not be a good idea if your party lacks certain elements (the ones that cost more than others like some fine delicacy or drinks, live DJ). Such parties tend to be boring and it would’ve been much better if you didn’t have one instead. In fact, having a good party has many benefits for the organization. Since Christmas is near, you can have a Christmas party for your employees. Here are some of the benefits why you should celebrate Christmas at the office.
Enhances Employee Engagement
One of the reasons to have a Christmas celebration at the office is because it enhances the employee engagement. Parties act as an ice-breaker and employees socialize with each other. Moreover, as people begin to talk to each other it helps to develop a good rapport among the employees. This leads to increasing the morale of the employees. So having a Christmas party has some long-term benefits for your organization.
Wondering what benefits your business will have from giving parties? Well, you are allowed to get some tax free benefits for offering Christmas parties. In fact, the bigger the party the better it is instead of having a small celebration. If you have a Christmas party that is costing more than $100 per employee, then you can claim the taxable benefits for your organization. Such parties are considered to be beyond the privilege point and hence, you get taxable benefits for the same.
Christmas parties are indeed a great way to have fun and break away from the busy work schedule. However, if your business is experiencing cash-flow problems, it is not easy to throw a party. So what do you when you have a limited amount of cash for an office party? You can follow the tips mentioned below.
Have Party at Workplace
Instead of having the Christmas party at an expensive hotel or restaurant, you can have it at your workplace. You can organize a party at the game rooms, the foyers or in the office canteen. This way you do not have to spend on the place of the party.
Have Pot Meals
Christmas is also known for sharing with each other. So, you can ask your employees to get a specific dish for the party and share with among the co-workers. This way your main headache of spending money for the meals can be reduced. You can instead provide your employees with soft drinks and starters and the main course can be managed by your employees.
Assign an Inhouse DJ
In your organization, there should be at least one person who has a good collection of songs and a sound system. Instead of hiring a DJ, find out who that one person is and assign him as your in-house DJ for the Christmas party.
These are some tips that will help you on saving cost when you celebrate Christmas at the office. So the next time when you plan an office party, make note of the above-mentioned points. Increasing employee morale and getting tax free benefits for your organization are some of the advantages when you celebrate Christmas at the office. To know how you can get tax benefits for the same, consult a professional accountant.