According to a Challenger, Gray & Christmas, Inc, survey of 189 HR professionals less than one-quarter (23%) of companies are planning holiday celebrations this year, down from a little more than three-quarters (76%) last year. Roughly 55% of companies said they will not have holiday festivities this year, the highest number recorded since the firm started its survey in 2004. Others remain undecided. Most (44%) who plan to skip the party said they canceled plans because of the coronavirus; 5.3% said they are cutting costs and 4% said they never hold holiday parties. As many employee awards are often handed out at these holiday celebrations, employers will have to find a new way to show their appreciation to their employees.
See "Nearly 75% of Employer Holiday Parties Will Be Virtual, Survey Shows", Lisa Burden, HR Dive, October 30, 2020