Keeping clients, company workers, subcontractors, vendors and other vital corporate members is a crucial element in your business. No matter what kind of business you are in, without the support of your company team and the involvement of your clients, you will not be in business for very long.
Corporate gift giving is an easy way to let your employees know how much you appreciate their hard work and clients know how much your appreciate their business. And corporate gift giving is less expensive than you might think. For example, with planning ahead, you can order promotional items in bulk to reduce the overall price.
Rules-Of-Thumb For Corporate Gifts
Corporate gift giving should be done in a professional manner. Keep in mind that when your company makes the decision to incorporate a corporate gift giving policy, there are some things to keep in mind:
- If you are giving a corporate gift to a client or potential client, always check with their company to ensure that they allow corporate gift giving.
- Corporate gift giving should never be used to compensate clients or employees as a replacement of expected wages or services.
- Corporate gift giving should not be a personal gift, as this may offend some clients or employees.
- Corporate gift giving should comply with your company’s budget. Do not go overboard and buy gifts that your budget cannot absorb or save money by purchasing gifts that are “cheap” like ink pens or toys that last about one hour.
- Corporate gift giving should make recipients feel good about their accomplishments. Give gifts that cost about the same price across the board.
- If your company uses corporate gift giving as a holiday gift, make sure to check the recipient’s religious or cultural background.
- If you prefer to give corporate gifts in person, you should always check the recipients schedule to ensure that you are coming at a good time for them.