HR and PR departments are splashing out on corporate events designed to boost staff motivation and lift morale levels.
Findings collated at the recent RSVP 2005 show, an event dedicated to parties claim that companies are now spending an estimated £2.5 million a year on corporate events and parties.
Tim Etchells, MD of Single Market Events – the company behind the show said:
“Of the several thousand visitors to the show over 42 per cent of the event buyers have a corporate party and event spend of over £1/2 million, highlighting just how important corporate parties are becoming in industry.”
Mike Kershaw, managing director of The Ultimate Experience, an exhibitor commented: “Staff celebrations are showing no signs of losing their popularity; Businesses see Christmas parties in particular as a great way of saying thanks to its employees and each year we are seeing more companies organising events for staff, especially now that more and more companies have dedicated events organisers within their HR and PR departments.”
The news comes despite repeated warnings that partying can be dangerous. Last Christmas the Trades Union Congress and the Royal Society for the Prevention of Accidents said that mistletoe could lead to sexual harassment claims.
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