SURVEY SAYS Workplace Holiday Parties

PLANSPONSOR NewsDash readers share their opinions about holiday and other options.

Last week, I asked NewsDash readers, “What do you think of workplace holiday parties?” I also asked, “Is there something else you’d rather your employer do instead?”

Nearly six in 10 responding (57.9%) readers said their company hosts a holiday party every year, while 42.1% said their company does not.

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More than one-third indicated they feel holiday parties are a somewhat of a reward and morale booster, while 10.5% said they definitely are, and 21% said they are not. Twenty-nine percent indicated company holiday parties are a morale booster but not a reward, and 2.6% said they are a reward but not a morale booster.

Asked what they would rather their employer do for the holidays, other than a holiday party, 43.2% chose “give employees bonuses,” while 32.4% selected “give an extra day off.” Only 5.4% said give employees gifts, and 8.1% said they’d rather their company host an employee gift exchange. Nearly two in 10 (18.9%) chose “bring in food to the office,” and 13.5% indicated there’s nothing they’d rather their employer do. Several responding readers who chose “other” said companies should offer a budget for separate departments or teams to do their own activity. Donate funds to charity and “almost anything” were also listed.

In verbatim comments, a few responding readers shared what their company does for its holiday party; several expressed how much they enjoy it. Others said the socializing is awkward for them, or warned about how certain behavior can get out of hand. There’s no Editor’s Choice this week.

A big thank you to all who participated in our survey!

Verbatim

We’re a large company but still have a holiday party at a large hotel, with a program where significant promotions are announced and there’s a buffet dinner. We also receive a gift from the president & CEO. It’s great!

It is always difficult to reach all employees for a specific holiday event when the organization is open 24/7. Someone will always feel left out.

Just give me the money instead of the forced socializing

No holiday party where I work now. I’m just as happy without it. I feel that most employees would prefer some additional time off—even an afternoon—to help them find time for all the things that need to be done during this busy time of year. Also cheaper for the employer and avoids liability issues associated with excessive alcohol consumption.

Just be careful you don’t do something stupid that could damage your career.

They are dull beyond words, because people are “networking” and brown nosing rather than relaxing and having a good time. Need to keep up their personal brands. 🙂

Yawn.

I’m an introvert who would rather have dentistry without Novocaine than go to a company-sponsored holiday party.

We have offices all over the U.S., so one holiday party is not practical. Each office can do as they wish, and ours generally does a lunch on a Friday and take the rest of the day off.

The larger the party, the more political it becomes between cliques, power-plays, and similar social constructs. Having smaller (department-sized or smaller) parties are far more effective and actually give co-workers a better chance to gel outside of the office.

No. Just say “No.”

I have attended lavish and expensive parties and the cheapest (sharing a ham). And extra day or even a couple of hours off would be most appreciated.

Should be used to celebrate the diversity of the holiday season and not be limited to Christmas celebrations.

We use to have a holiday party, but as we grew it became too difficult and the stories of the inappropriate behavior at said parties are the reasons we don’t have one anymore. Now each department does their own thing, but it would be nice if the company actually gave us a budget to fund it, instead of everyone chipping in.

Holiday parties are a great time to socialize with co-workers outside of work. For large organizations, it is also an opportunity to get to know employees who you do not work directly with. Lastly, it is nice to get to know the spouses too. We look forward to our holiday party every year.

Our holiday party comes at the end of a busy season. Everyone is ready to eat well, have a few drinks, dance and blow off some steam! It always feels like a great celebration.

While it is an extremely nice gesture for the company to provide a holiday party (they could just as easily eliminate it and save several thousand dollars), it is during the week and employees only attend and can cause more stress than necessary. I guess it is all in how you view it.

NOTE: Responses reflect the opinions of individual readers and not necessarily the stance of Institutional Shareholder Services (ISS) or its affiliates.

Retirement Industry People Moves

Gallagher promotes consultant to retirement plan leader; Hall Benefits Law adds ERISA attorney to compliance counsel; and Prudential Retirement announces new customer solutions head. 

Art by Subin Yang

Art by Subin Yang

Gallagher Promotes Consultant to Retirement Plan Leader

Gallagher has promoted John Jurik to the role of retirement plan consulting practice leader for the U.S. region within the company’s benefits and HR consulting division

Jurik began his career with Gallagher as part of an internship program and before developing into a consultant within the retirement plan consulting practice. As a consultant in the mid to large market, his objective was to guide Gallagher’s U.S. clients in reviewing and managing their retirement programs from both an employee benefit and risk management perspective.

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“Employers are increasingly aware of the stress caused by financial insecurity and its negative effects on employee and organizational wellbeing. John’s plan governance knowledge and determination to help his clients understand a multigenerational workforce and the appropriate investment and plan design to drive better participant outcomes make him a terrific fit as leader of the retirement plan consulting practice,” says Jeff Leonard, financial and retirement services practice leader at Gallagher.

“I am incredibly honored to be tapped to lead the talented team of people who work hard every day to help employers offer innovative and sustainable retirement solutions to their employees, empowering them to pursue better financial wellbeing and retirement success,” Jurik says.

Hall Benefits Law Adds ERISA Attorney to Compliance Counsel 

Hall Benefits Law has hired attorney Scott Santerre.

Santerre joined the legal team in late October as senior ERISA compliance counsel. For the previous four years, he provided in-house guidance to a large insurance company as their lead privacy attorney, spearheading multiple projects across a variety of disciplines.

Firm Manager David Hall comments on the hire, stating, “Scott brings experience as a retirement plan specialist, tax manager, and in-house counsel to bear when working with our corporate clients. His knowledge of pensions and DC plans rivals that of our most senior team members, and his exposure to the other areas in which we provide counsel is impressive.”

Santerre graduated from Boston University with a degree in psychology and received his Juris Doctor from Suffolk University Law School. In his years as an attorney, he has worked in the Employee Retirement Income Security Act (ERISA) retirement space to help clients maintain compliance with IRS and Department of Labor (DOL) regulations, and drafting and maintaining retirement plan documents and amendments. He worked as lead attorney preparing submissions to the DOL for correcting late remittance of deferrals and loan repayments. Santerre maintains the designation of qualified pension administrator (QPA) and is an active member of the American Society for Pension Professionals and Actuaries.

Prudential Retirement Announces New Customer Solutions Head

Prudential Retirement has hired Christine Lange as head of customer solutions for institutional retirement plan services.

Lange will report to Harry Dalessio, head of institutional plan solutions for Prudential Retirement.

Lange’s immediate focus will be on product development, engagement and pricing. She will also assume responsibility for underwriting and P&L for the defined contribution (DC), defined benefit (DB) and nonqualified businesses of Prudential Retirement.

“I am happy to be joining Prudential Retirement at such an exciting time for both the company and our industry,” says Lange. “I look forward to continuing to position Prudential Retirement’s full service businesses for growth and profitability through engagement with our customers in the right ways at the right times through their preferred channels.”

Most recently, Lange served as head of retirement digital solutions for Voya Financial. Prior to Voya, she led product innovation teams for both Putnam Investments and Fidelity Investments. 

Lange holds degrees from Northeastern University and Boston College. She is a member of the Council for Women at Boston College and a member of Boston College Connections, a mentoring program for undergraduates.

Lange will split her time between Connecticut and New Jersey, with Hartford as her home base.

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