Corporate holiday parties are starting to make a comeback - though it will be a while before they're as lavish as before the recession, according to a new survey from global outplacement firm Challenger, Gray & Christmas Inc.
The firm found that 68 percent of companies polled plan to hold parties this year, up from 62 percent last year. About 4 percent of those companies are bringing back their parties after one or more years of no festivities, due to the recession.
Yet more than half are holding their celebrations on company premises, up from 29 percent in 2009. And just 6 percent plan to spend more on their parties this year than last, while 18 percent are spending less.
"We are at a precarious stage in the recovery, where some companies are feeling it more than others," Challenger, Gray & Christmas CEO John Challenger said. "Many companies are still struggling."
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