Corporate Gifts Giving News

Engraved gifts 'improve employee efficiency'

Offering employee incentives such as prizes, executive gifts and engraved gifts can greatly improve workplace efficiency, according to an advisory group.

The ARC advisory group advises setting up either team-based or individual programmes to provide incentives for workers to work hard, reports mmh.com.

When assessing their budgets at the end of this tax year, companies should look at the best ways to improve their productivity. The group says employees' incentive schemes are effective and relatively cheap.

Steve Banker, service director of supply chain management for ARC, says that "almost all" incentive schemes work.

Of the 200 professionals he spoke to who had implemented schemes, 63 per cent had seen productivity gains of between ten and 30 per cent. And 13 per cent saw gains of more than 30 per cent.

Employee incentive programmes are intended to encourage loyalty, improve staff retention and boost morale.

According to the Center for Concept Development, corporate gifts are more effective than cash because of their "trophy" value.

Published:05-Mar-2008

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