At-the-office parties
1. A catered luncheon or after-work party at the office can be less expensive than a restaurant or banquet outing.
2. If funds are really limited, have a "potluck" meal where each worker signs up to bring in a different dish.
3. Try something a little "out of the ordinary"
Off premises parties
1. Invite your employees and their "significant others" to your home.
2. Consider going to a restaurant rather than a banquet or catering hall.
3. If you do choose to go "whole hog," and hold your party at a banquet hall, there are some ways to hold down costs.
4. Consider doing something "off the beaten track"
via businessknowhow