Define: "Whip-round" in Business
Minimal fiscal damage
"Bring your own lunch that day and claim you do not carry cash. You owe them nothing."
A collection of money from a group of people typically to buy a gift for a colleague.
What does "Whip-round" actually mean?
"Being guilt-tripped into crowdfunding a $50 gift card for the only architect who understood the topology, because the company just blew $2.5 million on an SDA fabric but won't pay for a farewell lunch."
"We are organizing a quick whip-round for Dave's retirement gift."
"HR is doing a whip-round for Sarah's farewell, conveniently ignoring that she is leaving for AWS because they denied her $500 certification renewal stipend."
By The Chief Waste Officer
18 years in the corporate trenches quantifying waste so you don't have to.
Related Terminology
Tired of hearing this?
Next time someone says "Whip-round" in a meeting, track exactly how much company money they just wasted. Play Buzzword Bingo, generate a waste invoice, and stop the bleeding.
