For years, the year end celebration called the office party has disappeared for the most part. Much of that is due to belt tightening because of a soured economy. But it seems the office party is making a comeback. More companies, it seems, are feeling festive enough to host an office party over the holidays.

Close to 83 percent of Human Resources Directors say their office is holding a holiday party. That includes 10-percent who said they didn't have a party last year because of the economy. All of this comes from the Challenger, Gray and Christmas holiday party survey.

Now don't expect champagne and cavier. They aren't feeling that festive. It might be more scaled back, but at least more companies are getting back into the spirit.

Some companies are doing a pot-luck lunch, others hosting an after hours party at the office. Some company surveyors say many companies are moving back to more traditional celebrations and away from the dinner and drinks on the house attitude. Some companies are even asking employees to volunteer at a food bank and then taking them to dinner.

But the question is...do the folks who work at these companies appreciate them? A survey says 79-percent of managers and 75-percent of employees enjoy the office Christmas party.

Business etiquette folks say it's probably not wise to turn down the invitation if you want to move up the ladder. This is a good opportunity to talk with people who might be considering you for a promotion. Snub them at the party, they might snub you at interview time.