A Corporate Gift is the one that is given by a company to its employees or business partners. It is usually given to the employees to appreciate their work and build good relationship professionally. Many companies offer corporate gifts to bid “thank you” to their employees and investors who have worked hard to take the company to heights.
It is the company who decides the type of gifts and the cost allotted for buying gifts. Corporate gifts can be in the form of gift vouchers, movie tickets, cash, gifts, eatables or dinner coupons. There are many occasions round the year that call for corporate gifts for employees like Diwali, Christmas and New Year. This is a good time to reward employees and offer bonus.
It is very essential to boost the confidence of the employees at the workplace for better efficiency of the employees. One can easily do this by giving corporate gifts to employees.
Impact of corporate gift on Employees
Many companies offer corporate gifts in the form of food coupons. This is one of the most popular gifts given by many companies. Employees confidence needs to be boosted up, they need pampering and recognition for their work so that they can work more effectively. Also, a basket of foodies can be given to the employees to make them feel happy and satisfied. Valuing the work done by employees’ results in higher satisfaction levels among then and thus increased productivity.
Best gifts for colleagues
It is essential to understand the mind and strategy of the employees in order to customize gifts for employees. It is also important for the company to segregate the gifts as in whether it is gifts given as incentives or gifts given ascorporate gifts. Corporate gifts are given to reward employees for full attendance, completing targets, attaining goals and improvement in the safety system of the company. Sometimes people like to give gifts amongst their own employee circle also. For example some colleagues might get together to give a gift to their other colleague who has a birthday or who has a work anniversary etc.
Types of gifts that boost confidence
There is a wide range of gifts for employees ranging from t-shirts, office bags, and utensils for desk, tacky gadgets, personalized mugs, pens and certificates. These serve as excellent gifts that can help to boost the employees and thus increase the productivity of the company. It is necessary that gifts that should be given to the employees should be useful and realistic. Corporate gifts have great impact on the mind of employees. They serve as a memory of good work done by them.
Based on the type of company one can decide what to gift your employee. The decision for type of gift can also be based on the number of employees and the economic strata they belong to. Some companies also make it a very open system and decide using open poll for what to gift as corporate gift to its employees. This ensures that the employees get what they wish for most.
Occasions when corporate gifts can be given to employees-
- Diwali– Diwali is the foremost occasion when mass gifting is carried out by companies. This is not only the biggest festival across India but is also celebrated as a holiday in most Indian companies. Thus corporate gifting is commonly practiced during Diwali. Most companies prefer to give out small electronics or home appliances as Diwali corporate gifts.
- Company excursions- Many companies hold offsite trips where the entire team goes out for an excursion. This is generally an activity to enhance teamwork and build employee satisfaction. Many companies give corporate gifts to their employees during these offsites. Common gifts chosen for the same are t-shirts, backpacks, laptop bags etc.
- Birthdays- Many companies believe in giving birthday gifts to their employees. Mostly these gifts are presents of gratitude which are sent to the employees’ home to induce the element of surprise.
- Milestones- Many companies also have a policy of giving corporate gifts to employees on touching milestones. This could be the completion of a big project or completing of 3 years in the organization.
Whatever the reason be, corporate gifts for employees boost confidence and employee morale and go a long way to benefiting the company.