Santa or Scrooge?

A recent CNBC online article on employee gift giving reveals that the economy isn’t keeping companies from recognizing and rewarding employees, even during hard times.

About 29 percent of offices will be giving gifts to their employees, 3 percent MORE than last year, according to the Battalia-Winston annual corporate holiday survey.

Why the rise in gift giving during such tough times? Well, a small gift could be a replacement for the office party that isn’t being held this year. For a company facing uncertain times, a $25 gift for every employee is a much better choice than a party, which might cost $100 dollars per person.

It also speaks to another trend: rather than doing away with gifts all together, employers are opting to give smaller, more practical gifts. Employers realize how important it is to offer recognition and rewards to their employees, especially now.

We couldn’t agree more.

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