A study performed in 2013 emphasized that those that want to establish a solid groundwork in the office should spend an adequate amount of time supporting and nurturing the progress of their staff. According to the researchers, trust begins at the top, with the leaders. Some of these leaders don’t know how to lead; this eventually decreases productivity and company bottom line. Trust has the most profound impact on performance and business results. That being said, it looks like the most convenient way of boosting engagement is through employee gifts.
What are corporate gifts?
A corporate gift is better known as an item offered by a company or business to an investor, supplier, collaborators or employee. The purpose is to show appreciation for work well done or be an attempt to build a professional relationship. Major corporations may use gift as a way to say ‘thank you’ to those employees who went the extra mile to help increase bottom line and company productivity. The corporation is the one to decide the form of the gift – it could be a gift basket, a voucher, paid vacation or cash.
A lot of start-ups, regardless of their size, offer gifts around the holiday season; Christmas for example, are a great time of the year to show how much you appreciate the people working for you and your company.
How big of an impact can employee gifts make on a company’s staff?
Corporate gifts in the form of food have always had a great appeal in companies of different kinds, both for team members and clients. In today’s cutthroat business environment, these are more popular than ever. That’s because companies strive to boost engagement. It’s tough to keep growing millennia motivated in the work place, and it’s not just because they’re more susceptible to turnover, but also because of their ability to value all the good things a position can offer.
Employees want to be pampered; and they should because they do a really good job, and they strive to achieve perfection. In this case, a decadent, luxurious food basket filled with all sorts of goods will instantly promote a sense of joy and fulfillment. The work that they perform is finally being valued, not to mention that this form of gift is the ideal motivation for success in the future.
Best corporate gifts for employees
In order for a company to recognize an efficient gift strategy, it must first understand what a strategy isn’t. Begin by making a clear distinction between incentive programs and corporate gift giving. Even though incentive awards and gifts often involve similar recipient types, they feature practical and strategic differences. Incentives are better known as awards offered for attaining defined activity levels, like safety improvements, good attendance and sales quotas. Gifts on the other hand, are more spontaneous. They’re not always part of a defined goal or arrangement between recipients and givers.
What sort of gifts boost engagement?
From gift baskets and gift cards, to desk utensils and fancy tech gadgets, finding the perfect gift doesn’t have to be that hard. These are excellent ideas for a suitable employee gift, although it is important to remain professional. Don’t offer tablets to some employees and cars to others; corporate gifts should be offered to instill a passion for more work, improve productivity and bottom line, and not serve as bribe from unethical services rendered.
Always consider corporate gifts that are useful and practical. Tablets for example, can be used to ease the work your people perform on a daily basis; gift vouchers on the other hand, have a purely pleasurable purpose. They usually come in the form of a discount to a store, or voucher to a beauty salon and spa.
Unlike cash bonuses, gifts have the power of creating a greater impact. They’re memorable and they can persuade a worker to strive harder and do whatever he can to impress a CEO or supervisor. Extra money is not usually spent on pleasurable things; on the contrary, those who get cash bonuses use the money to pay bills or debt. In a few weeks, those people will totally forget that they got a cash bonus.
