As business owners focus on marketing their business, attracting customers, customer service, business growth, staffing, and other business management requirements, certain things are usually overlooked. For instance, many business owners do not usually invest enough resources in branding. This is because what matters more to them is the numbers. More customers translate to higher revenues and bigger profits.
However, branding is the key to long-term growth as it improves client or customer retention rates. While the number of customers who visit your business premise is an important piece of information, the number of returning customers is much more important. By investing in corporate gifts for employees, you can improve brand recall or brand awareness and put your business on the path to success.
Why Corporate Gifts Work?
i) They Make Employees Feel Appreciated
Everyone wants to feel appreciated. Receiving a gift is an amazing experience that is usually remembered for a long time. By giving your employees corporate gifts, you’ll make them feel appreciated, and this is important for the long-term success of your business. When employees feel appreciated, they become loyal to their employer and work harder to ensure the goals of the organization are met.
They’ll also serve customers more effectively. Happy employees usually stick with their employer for a long time, so this will also translate to reduced employee turnover. As a result, you will be able to avoid the costs associated with high employee turnover. This will have a big impact on the success of your business.
ii) They Promote Brand Exposure
The key to success in business lies in marketing. You want more and more people to become aware of your brand and to associate with it. By gifting employees branded corporate gifts, they’ll be able to promote your brand both within your business premise and in public places. Imagine your employees shielding themselves from the intense sunshine outdoors in summer with umbrellas bearing your logo.
This will expose your brand to a lot of people. Other types of amazing corporate gifts include; wall clocks, desk clocks, USB drives, phone cases, bags, car chargers, and many others. Whichever gift you choose, make sure you brand it neatly to ensure you can hit two birds with one stone.
Choosing the Best Corporate Gifts
As you may already know, there is a wide range of corporate gifts you can give your employees. When planning to buy gifts for your employees, there are many factors you have to consider. The following are some of the key factors to be considered:
1. Price
This is an important factor because you cannot spend all your working capital on presents for your employees. You’ll have to set aside some funds for this undertaking. Be sure to shop around to identify corporate gifts that can fit comfortably into your budget.
This is crucial because going over budget can harm your business and negate the positive impacts of using corporate gifts. By shopping around for the right products and vendors, you’ll be able to find competitively-priced products that will give you value for money.
2. Number of Employees
If you have thousands of employees, spending hundreds of dollars on each one of them can cost you a lot of money. Therefore, you will have to look for reasonably-priced corporate gifts. However, if you only have a dozen, or fewer, members of staff, you can afford to buy high-value items, such as tablets, laptops, or high-end bags.
3. Types of Corporate Gifts
Please note that many types of corporate gifts exist, so you should not restrict yourself. Priority should be given to gifts that can easily be branded, so be sure to consider all your options. Branded door mats, wall clocks, umbrellas, quality hoodies, laptop bags, smartphones, and laptops are all common types of corporate gifts.
How to Issue Corporate Gifts
Your employees hold different positions and must have performed differently over the last year. Therefore, they should get different types of gifts. The best performers should get the most expensive gifts. Everyone else can get similar types of gifts regardless of the positions they hold in the company.
This is crucial because you want everyone to feel appreciated without discrimination. Performance, or merit, is the only factor that should be considered. By giving the most expensive gifts to the best performers, you will be able to demonstrate that hard work pays and convince your employees to work harder to get amazing corporate gifts. You can easily improve brand recall by giving employees corporate gifts now and then. All your employees should get a gift.