IT bosses still partying at Xmas

Employers in the IT sector are continuing to celebrate Christmas despite the credit crunch, says the Chartered Management Institute (CMI).

Employers in the IT sector are continuing to celebrate Christmas despite the credit crunch, says the Chartered Management Institute (CMI).

Far from being the victim of cutbacks, Christmas parties remain on the agenda for many organisations across the IT sector.

The CMI's annual Christmas Outlook survey reveals that 65% of employers in the sector will host parties in 2008, a figure that remains broadly consistent with last year (66%).

Yet in a sign that "budget bashes" are dominating the festive season, only 13% strongly agree with the idea that employees' partners should be included.

Perhaps surprisingly, given the current need to focus on customer retention, only 2% plan to invite clients.

Asked to explain why they intended to party in the face of current financial difficulties, 67% in the IT sector pointed to the need to boost staff morale.

However, the data does show that many employers believe extravagant parties are unnecessary. For instance, 39% suggest that "hosting expensive parties can have negative impact on reputation".

The survey of managers and business leaders also reveals that 20% of employers in the sector will make no financial contribution to office parties this year. More than 25% have agreed to pay up to £40 per person.

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