With the economy recovering, many local companies have announced their arrangements for year-end parties.

According to banquet organizer, the booking rate for this year exceeds 50 percent, which is relatively decent compared to the numbers from previous years.

Usually, the year-end party of an IT company includes famous singers performing on stage and lucky draw sessions with huge awards during each break.

According to the research by a local job bank, as high as 70% of office workers look forward to the annual event as the biggest incentive is the lucky draw.

The study shows that the average price of the awards is around 17,000 NTD.

The cash prize of below 5,000 NTD is the most common gift.

When it comes to the dishes, for banquets held outdoor, the table of 11 dishes starts at 6,000 NT.

The organizers say the booking has exceeded 50%, which is a lot higher than previous years.

With the economy slowly picking up, companies are announcing their year-end party plans.

But Taiwan's top electronic components maker Foxconn Technology Group is to change the format of its year-end party, which will be built around social welfare activities.

This approach reflects the diversity of corporate culture.