We spend a lot of time at work with our co-workers, so it is natural to want to celebrate with them. Holiday parties provide an opportunity for everyone in the organization to have fun. But, Amrop Battalia Winston , a global executive search firm, reports that "fewer of the nation's businesses will hold holiday parties this year than at any time in nearly a quarter of a century." The company has conducted an annual survey of corporate America's holiday party plans for 23 years. In 1988, the first year of the survey, most companies (95 percent) had a holiday party. This year, only 74 percent of the companies polled will have parties. Most of the companies not celebrating said the party was not in the budget. Dale Winston, Amrop Battalia Winston's chairwoman and CEO, said, "The trend is downward and we're seeing that once a company does away with them, parties rarely get back in the budget. In many cases, the holiday party is the last vestige of company sociability. Some young people entering the job market may never see a corporate holiday party." So, if the company isn't celebrating, managers should celebrate life events with employees (birthdays, marriages, and births of children) and acknowledge their achievements. Remembering important events and achievements with celebrations is a morale booster. "What is the best way for a manager to handle celebrations at work?" Eilene Zimmerman asked Steve Harrison, the author of "The Manager's Book of Decencies: How Small Gestures Build Great Companies" and the chairman of Lee Hecht Harrison, a global career management consultancy in Woodcliff Lake, N.J. Mr. Harrison answered, "The best celebrations are small, spontaneous and creative. It needs to be intimate. On the group level you all know each other, and that makes celebrations rich and culturally important. These are not the stuff of policy manuals; they are unscripted and have their own charm, depending on the character of the department or group." (See " Forced Fun? The Limits of Office Celebrations ," The New York Times , May 20, 2007.) How would you like to celebrate at work?