Money & Career
The Ins and Outs of Corporate Gift Giving
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the
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by Katie Harrington
‘Tis the season of gift giving. While you’re scratching your head trying to select the perfect gift for your friends and family members, don’t forget about your employees, clients, vendors and customers. There is no better time to show your gratitude than during the season of giving. Keeping Good Company If you’re making plans to give gifts that sport the company logo, make sure that your tokens of appreciation are well made, tasteful and understated. You want it to look like a gift, not an advertisement. Consider making a charitable contribution in the recipient’s name. This is a win-win solution as the recipient is glad to be recognized and the company making the donation is able to show its appreciation. Both parties contribute to the greater good of society.
It’s the Thought that Counts Many companies forbid any corporate gift giving or only allow employees to accept gifts valued at
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less than $25. Be sure to follow your own company’s rules and check with the HR department at the intended recipient’s company first. Sending a gift to a client who is unable to accept it is awkward for both parties. Also, it’s wise to steer clear of giving a gift to an outside business associate who is either currently involved in a bidding process with your company or receiving a bid from your company.
Managers may want to reward their assistant personally. This gift choice often depends on length of service. If it is less than five years, then a gift valued at $25 is sufficient. For a longer-term assistant, a more generous gift is acceptable. Be sure that your gift choice is appropriate and not too personal. Stay away from lingerie, perfume and jewelry. Books, personal organizers and gift certificates are good options.
Interoffice Gift Giving It can be tricky to give a gift to your boss that is just from you. Other employees may resent what they see as an effort to gain favor with the boss. Instead, get together with your department and pitch in for a group gift.
Thrive Magazine for Better Living
December 2013