Corporate Christmas gifts do not have to be as cliché as handing out frozen turkeys to your employees or as time-consuming as personalizing gifts for each associate in the office. Strike a happy compromise with budget-conscious suggestions that deliver a lot of impact without your bottom line taking a significant hit. Have fun with your corporate Christmas gifts or your holiday gifting program, and start a new tradition that will please everyone.
Set Your Budget
Whether you are in a huge office or simply employ a couple of part-time employees, the first step in creating your holiday corporate gift program is to set a budget for the entire group. Decide whether you wish to keep the price per person the same for everyone, if you wish to reward longevity, or if you wish to reward title, position, and value to the company. A valid suggestion is to agree upon a policy and maintain it year to year. If this is your first year of a new style of corporate Christmas gifting, realize that you will also be impacting your organization in the coming years.
Giving every employee the same amount is the simplest way to set up your program, but it feels like an impersonal corporate policy. Gifting based upon title, position and value to the company is reflective, yet it can lead to hard feelings and is the most work for the giver, in terms of identifying how valuable a person is.
Gifting based on loyalty and longevity to the company combines the benefits of the first two options in the simplest and most equitable manner. This style works in the following manner:
- Year 1 of an employee’s term: holiday gift is of a modest value
- Year 2: holiday gift increases by a percentage, for instance, 1.5 times Year
- Year 3: holiday gift increases by the same percentage, for instance 1.5 times Year 2
- Year 4: continue the same progression, for instance, 1.5 times Year 3
You may wish to choose a point to max out your annual gift, depending upon the size of your holiday list and the revenue of the company.
Selecting corporate gifts based on the loyalty method takes a little thought. Once you decide upon your budget for the Year 1 gift, select a tried and true type of gift that has general appeal. This could fall under the category of holiday gift baskets, holiday floral arrangement or live plant, experiential present (such as tickets to an event), a gift certificate, or a personal item. It is important that this first gift is not simply cash-based, if the per person budget is less than $50.
Additional tips and corporate gift ideas can be found at Implementing a Simple Holiday Corporate Gift Program.
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