For Startups, the Tricky Question of Holidays

Last December, Michael Mogill required his five employees to work through the holidays because he was eager to keep growing his young video-production company. He didn’t throw a party or give out year-end bonuses.

But while his clients were satisfied, the 27-year-old founder of Crisp Video Group in Atlanta says it was clear that his staffers felt burned. By springtime, all of them quit. “They just didn’t like to be in a company that valued the work and nothing else,” says Mr. Mogill. “It was a huge lesson for me.”

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