Low Budget? No Problem!

There’s a glimmer of hope on the economic horizon, as least concerning job growth. There are fewer claims for unemployment and many companies are even hiring again. Maybe yours is one of them! But even the most optimistic organizations are still watching expenditures very carefully, especially where rewards and recognition are concerned.

Recognition is a key factor in employee retention, which is critical to corporate continuity and growth. But it’s often one of the first expenses financial managers cut when budgets tighten…and when times are good, it’s still not always funded accordingly.

According to Incentive magazine’s 2014 Gift IQ survey, 38% of awards fell into the under $50 range, followed by 23% at $50 to $99. These are still significant expenditures, especially in companies with many employees to reward.

However, there are any number of popular, high-quality, name-brand merchandise items you can offer employees in both of those ranges. Watches and clocks, radios and headphones, small kitchen appliances, personal care items, cameras and jewelry are all great ideas, as are higher-end corporate-branded apparel items.

Of course, to make the most of your recognition budget, whether it’s limited or generous, you need a trusted partner that will always look out for you and your employees. Give Award Concepts a call and see what we can do for you!


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