SMART BUSINESS DURING A BEAR MARKET

Selecting a gift that is valued, used and remembered extends a message of thanks long after the gift is given.   As we live through these rocky times we have a tendency to ask our employees to work harder and longer and be grateful for their job.  

While many companies are not looking to spend cash on direct compensation, flexible incentive pools and retention incentives have been created by over 20% of companies polled by a Hewitt Survey.  An article in the Wall Street Journal by Phred Dvorak echoes this sentiment.  Findings from a survey conducted by Deloitte Consulting LLP stated: “Respondents said they were worried about keeping key workers and boosting morale in a turbulent economy.”  

Creating an employee incentive strategy is a smart solution for many reasons: 

• possible non-taxable status of certain employee incentives,
• allows companies to separate compensation from recognition and
• positive impact on corporate culture and cost structure.

Especially during this bear economy, quality and specialty items provide a lasting luxury gift that many employees would not necessarily purchase themselves.  According to Incentive Research Foundation, incentive programs can increase performance by 22% and team performance by up to 44%.

 

Please click HERE to purchase. 

With this in mind, one of our best fail-safe and repeated gifts is this business document holder.  The croc-embossed leather speaks quality and refinement.  It is the ideal size to hold documents, your personal electronics and other essentials.  Most importantly, having finely appointed accessories makes you feel good, fortifies your self-image and gives a boost to your self-confidence …. motivating you to be better at your game when at work.

What are your thoughts about this?  Does owning a beautiful pen or a brand new wallet or a new leather portfolio make you feel better?   Are you motivated when recognized by your employer?   I would love to know!