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When are Executive Business Gifts Appropriate?
Showing your employees or other people in your work life that you care is important, and you can purchase executive business gifts, like those found at online for this purpose. However, there are some instances when you may not be sure if executive business gifts are appropriate. Here is your guide to executive business gifts-when to give them and what to give:
- As Incentives: Sales incentives programs are a great way to boost morale and create a healthy sense of competition in a company. There are two main kinds of incentive programs. First, you can purchase a single prize given to the employee who meets his or her goal first or who sells the most within a certain time frame. The second kind of program gives a gift to every person who reaches a certain level. The business gift you purchase depends on the type of type of incentive program. If you plan to give a number of gifts, choose gifts that are practical and less expensive, like keyrings, while if you will be giving only one gift, you should choose something more special, like a conference bag.
- Holiday Gifts: This may or may not be a good idea, depending on your company. If you have hundreds of employees, remember that it is only ethical to give holiday gifts if you can afford to purchase for all employees. In some cases, it might be easier to give a bonus on a paycheck. However, remember that your gift might cost the same amount as a holiday bonus, but might seem to your employee like it costs much more. If you purchase blazers for your employees, for example, you can get them in bulk and for less money. While they may not cost you much, they'll seem very expensive to employees. Don't forget-not all employees will practice the same religion. Avoid saying "Merry Christmas" and instead say "Happy Holidays."
- Birthday Gifts: In close-knit businesses, it's common to celebrate an employee's birthday. However, this may or may not be an appropriate time for an executive birthday gift. Go with the flow. Don't spend too much money, and remember that if you buy for one person, you should be for everyone. It's a better idea to give someone a personal birthday gift, out of your own pocket, if you are friends rather than to take money out of the company budget for such things. In this case, you can still purchase executive business gifts-just make sure that the money is coming from the right place.
- Retirement Gifts: In many companies that have a minimal number of employees, when someone retires it can be like losing a member of the family. In this case, and executive business gift from the company to the retiring employee might be a good idea. Choose something useful, keeping in mind that he or she will probably not have an office desk and may not use a personal computer. Instead of something purely business-minded, go with things like umbrellas, clothing, or something for a hobby (like golfing).
No matter what the occasion, always make sure that giving a gift using company money is appropriate. Sometimes, company by-laws strictly prohibit this, but it really depends on your business. Remember, you can always purchase your own executive business gifts if you want to show your personal appreciation.
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