Business is going strong, but fewer U.S. companies are celebrating with holiday parties this year.

This may be the result of the #MeToo movement, which has highlighted sexual harassment and assault in the workplace, according to a survey released Tuesday by consulting firm Challenger, Gray & Christmas Inc. Only 65 percent of companies are holding a holiday celebration this year—the lowest percentage since 2009, the study shows.

“The number could be due to several factors, including potential liability following the #MeToo movement,” said Andrew Challenger, vice president of the firm. “HR departments nationwide are responding to this particular issue.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.