Do you offer Employee incentives and gifts especially around the holidays to your employee, clients and co-workers? If not your should as a token of goodwill that can do wonders to improve employee morale and enthusiasm in the workplace. During prosperous years, some businesses give holiday cash bonus or or some type of profit sharing gesture that rewards employees for a productive year.
During slower economic times, holiday gift giving and year-end bonuses are sometimes or event often not in the budget. No matter how large or small your business or your budget, you need to show your your staff you caring side during the holiday season.
It does not take a lot of money to say thanks for all that you do. But when you do nothing or just put up holiday decorations and give your employee or co-worker a pat on the back you're just saying thanks for coming to work. And even worst, no holiday bonus after your employees has put in overtime, missed their children's sports games and recitals, lost time with family and their on personal days just to enjoy their life. You start to look like the oppressor instead of the solution that brings not only financial stability but also passion and purpose. The main two ingredients that could make or break your business or brand.
You know how that saying goes? "Happy Wife Happy Life", and that saying should be applied to your co-workers and employees.
Remember, They can always make money but they can never get that time back dedicated to your company.
Now I'm not saying this is the time to find money from one budget or let go the weakest link to provide a happier holidays for the one you feel truly put in the work. Remember you will only cause stress and worry when you take that path.
Here are 5 Great tips for buying employee holiday gifts:
1. Decide how much your company can really afford to spend on the staff holiday gift giving, and then determine how much you would like to spend on each employee.
If it helps and also appropriate. You may want to divide employees into various levels and determine gift spending limits based those levels.
2. Choose one gift that you know all employees would can enjoy with their families. Only a boss that truly listen to their employees, No things like what kinds of food they love, what they are passionate about other than their jobs, what do they love doing with their family in their spare time.
During slower economic times, holiday gift giving and year-end bonuses are sometimes or event often not in the budget. No matter how large or small your business or your budget, you need to show your your staff you caring side during the holiday season.
It does not take a lot of money to say thanks for all that you do. But when you do nothing or just put up holiday decorations and give your employee or co-worker a pat on the back you're just saying thanks for coming to work. And even worst, no holiday bonus after your employees has put in overtime, missed their children's sports games and recitals, lost time with family and their on personal days just to enjoy their life. You start to look like the oppressor instead of the solution that brings not only financial stability but also passion and purpose. The main two ingredients that could make or break your business or brand.
You know how that saying goes? "Happy Wife Happy Life", and that saying should be applied to your co-workers and employees.
Remember, They can always make money but they can never get that time back dedicated to your company.
Now I'm not saying this is the time to find money from one budget or let go the weakest link to provide a happier holidays for the one you feel truly put in the work. Remember you will only cause stress and worry when you take that path.
Here are 5 Great tips for buying employee holiday gifts:
1. Decide how much your company can really afford to spend on the staff holiday gift giving, and then determine how much you would like to spend on each employee.
If it helps and also appropriate. You may want to divide employees into various levels and determine gift spending limits based those levels.
2. Choose one gift that you know all employees would can enjoy with their families. Only a boss that truly listen to their employees, No things like what kinds of food they love, what they are passionate about other than their jobs, what do they love doing with their family in their spare time.
- Budgeted different gifts at different employee social levels. It's not the size of the gift as much as the thought you put into personalizing the gift.
- Pick a gift that can be shared with their families, such as games, gift baskets or A year's service of Fire stick.
3. Personalize gifts by buying unique items for each person.
This is only recommended if you have a small number of employees whom you know well.
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4. Giving your employees the gift of having some paid time off for a holiday bonuses. For many people there are two things they can never have enough of around the holidays and that's time and money.
- You can hang a calendar that shows the periods during the holiday season when you expect business to be slower . Let each employee write their name on the day or days that person will taking off as her holiday gift from you.
- Try to give extra time off as the opportunity arises around the holiday. When business is slow and you have more employees on than you need, send some of them home with pay. Keep track of who you send home and how early, so everyone gets equal time.