Corporate Parties, Gift-Giving on the Rise This Holiday Season

By Kornferry International, PRNE
Monday, December 20, 2010

Global Executives Showing More Holiday Cheer, According to Korn/Ferry Survey

LOS ANGELES, December 21, 2010 - Better parties, bigger gifts and more cheer - that's what's in store this
holiday season for global organizations, according to an executive survey by
Korn/Ferry International (NYSE: KFY), a premier global provider of talent
management solutions.

According to the survey, more than 50 percent of executives plan on
attending their office holiday party, up 10 percent from last year. As
companies start hiring again and the economy bounces back from the Great
Recession, employee morale is up and corporate festiveness is in full gear.

Holiday spending expectations are also on the rise this year. The survey
shows that nearly 60 percent of executives plan on spending $100 or more on
all business-related gifts this season, with half of that group expecting to
spend more than $300. Only 28 percent say that they will spend less than $50
this season.

While spending increases on business-related gifts, executive purse
strings are not as open to their fellow colleagues. Appropriate spending
limits remain relatively unchanged compared to last year. Twenty-six percent
of participants believe that a holiday gift for a colleague should remain
under $25, while 46 percent agree that $25 to $50 is suitable. Only 16
percent of executives feel that $50 to $100 is an appropriate amount to spend
and even fewer (three percent) believe that more than $100 is appropriate.

Half of executives surveyed say they look forward to company holiday
parties each year and another 39 percent try to attend when they can.

"While the economic climate is still tenuous, it is clear that
organizations are in a more celebratory mood this holiday season," said Mike
, Korn/Ferry senior vice president and chief marketing officer.
"Companies are still mindful of spending, but they also realize that holiday
celebrations are a wonderful way to take a moment to pause from the work to
celebrate with each other and give thanks for the success they've achieved."

Affirming the notable increase in holiday spirit, a vast majority of
respondents (80 percent) say they will be making job-related New Year's
resolutions for 2011.


The Korn/Ferry Institute Executive Quiz survey is based on a global
survey of executives registered within the firm's online Executive Center, Respondents from more than 60 countries, representing a wide
spectrum of industries and functional areas, participated in the most recent
Executive Survey in December, 2010.

About The Korn/Ferry Institute

The Korn/Ferry Institute generates forward-thinking research and
viewpoints that illuminate how talent advances business strategy. Since its
founding in 2008, the institute has published scores of articles, studies and
books that explore global best practices in organizational leadership and
human capital development. For more information, visit

About Korn/Ferry International

Korn/Ferry International, with a presence throughout the Americas, Asia
, Europe, the Middle East and Africa, is a premier global provider of
talent management solutions. Based in Los Angeles, the firm delivers an array
of solutions that help clients to attract, develop, retain and sustain their
talent. Visit for more information on the Korn/Ferry
International family of companies, and for thought
leadership, intellectual property and research.

Nicole Roberts of Korn/Ferry International, +1-310-226-2619, nicole.roberts at

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