Survey: office parties, bonuses set to return

LOS ANGELES (CBS) — Holiday office parties aren’t usually remembered for much more than their free booze and embarrassing moments.  Since the onset of the U.S. recession in 2008, however, those parties were among the many fringe benefits axed by cost-conscious firms.

But now, amid scattered signs that the economy may be recovering, some perks are slowly being reinstated.

Michelle Smith Vice President of business development for the O.C. Tanner Company joins KFWB’s Maggie McKay to tell us what to expect in the future.

A survey from career website shows many companies pulled back on the belt-tightening in the third quarter of 2010, down slightly to 16 percent from 20 percent in the second quarter.

Among some of the returning perks: Thanksgiving turkeys, retail gift certificates, year-end bashes and even bigger bonuses, all pointing hopefully to a happier new year in 2011.

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)


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