Kevin,

It's the holidays, and, in these tough economic times, I've been hashing around the idea of cancelling our annual office holiday party. Do you think office holiday parties and holiday bonuses are appropriate, considering the current state of the economy? Are they necessary to the morale and image of a company?

Happy Holidays,
Tim
Bellmore, NY

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Cousin Eddie from “National Lampoon’s Christmas Vacation,” getting revenge on Clark Griswold’s boss, who cancelled all Christmas bonuses without warning!

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Dear Tim,

Thanks for your note on a topic many executives struggle with, especially during the tough economic markets that we are going through now. After thinking it over, I think the real question here is: how do I manage to celebrate our milestones as a company while knowing that, at the same time, many are suffering in this economy?

As the leader of your organization, you must look ahead to the challenges that face you and stand in the way of achieving your 2014 roadmap targets. Inspiring talent is a core responsibility of yours as president and, especially in the toughest times, you must show leadership

So, yes, I would have the holiday party, but in a scaled-back way. But I would not scale back on your comments at the party. It’s important to step out front as the leader and acknowledge just how much you appreciate the contributions your team has made in 2010. Finally, the biggest part of your "toast" should be focused on 2011, as you re-invent your brand and challenge your team individually to improve their leadership capabilities in this new market that we operate in today and tomorrow.

We wish you a Happy Holiday and the best New Year for 2011!

Live strong,

Kevin E. Dunn