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Gifts are items given to people without attaching a price tag. During the festive season, giving is often perceived as a nice way of telling family and friends you love them, something that makes them feel appreciated. Similarly, in the corporate world employees need to receive such gifts. They may come in form of customized calendars, utensils, toiletries, stationery and clothes. Corporate gifts are offered to a target group depending on the objective of the firm.
Why giving corporate gifts
In most occasions, business entities prefer motivating their staff using other means apart from salaries and wages alone. Firms choose special occasions, especially during festivities, to celebrate together with all the key stakeholders.
Business entities give bonuses to shareholders in appreciation of their continued support. Employees have also enjoyed fully-paid vacations to ease the work pressure. Nowadays, the most common corporate gifts given across industries include apparels, having the company’s logo, and shopping bouquets among others. Importantly, they are given without any form of coercion or regulation from authorities. Below are some of the reasons that prompt organizations to offer them.
To promote respect
Respect allows a business company to thrive economically. Specific gifts portray the entity’s high regard for its employees, something that earns them respect.
To inculcate trust
Corporate gifts are essential for building confidence and trust in the organization. The company reaps a lot of benefits when employees have trust in their mission and vision. In the world today some companies allow their employees and stakeholders to choose a certain category of gifts on their own.
To express the company’s gratitude
One of the reasons that cut across the board is an expression of how thankful the company is for employees’ efforts in discharging their duty and for faithfulness. The gift is meant to frequently remind them that they are key stakeholders in the entity and that without their noble services the organization is deemed not to succeed. Gifting triggers a conversation between the employer and the employees, thus reminding either side of the need for constant cooperation.
Maintaining the organization’s culture. In some companies, there is a culture of giving gifts after a period of time. Such organizations view gifting as an obligation for their existence. For this reason, both the management and employees observe it as a ritual within their workplace. Various cultures too expect an extension of an olive branch to the society. In such a situation, a company must give away some gifts to appease the community.
The Importance of corporate gifts
Motivation. When employees are well recognized, they tend to burn every midnight oil in order to achieve more. The firm thus succeed in this self-motivation
Low employee turnover. A fairly encouraged employee is less likely to look elsewhere for a job. Motivated employees various occasions playing the role of the organizations’ ambassadors.
In summary, a firm that offers gifts to stakeholders is set for a successful streak and fruitful days ahead. Organizations should make gifting a culture. In so doing, employees will be motivated to stretch beyond competence in discharging of their duties.
Also, don’t miss the article titled “Sole Proprietorship Fees and Other Costs Involved“.
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