In the past few decades, there has been a great revolution in the way the management deals with and treats its employees and staff. Gone are the days when corporate houses considered it a favor to the employees to have them work with their company. In present times, there has been a paradigm shift in favor of the employees. Every corporate house tries its best to make its working environment rewarding and the job profile lucrative for its staff. Tremendous efforts are made to retain competent staff and increase productivity through a healthy work environment.
The top management has to make a commitment towards the corporate gift programs and make financial allocations towards its implementation. The procedure generally involves the human resource department helping the employee representatives formulate a corporate gift program. The elements of the program are formulated and decision is taken on the type of non-cash gift programs that would be included. The employee sympathy gift program is also formed and expression of sympathy in the form of flowers or cards is made when an employee suffers bereavement.
The budget allocations for different programs are made based on the funds available and are clearly stipulated in the program. This program involves the empowerment of supervisors in various departments to host celebrations to honor employees for exceptional performance in service. The employees are awarded and felicitated in presence of their peer and superiors, and this practice helps improve employee morale. This program is very successful in most organizations since it is formulated using the employee inputs and so it has open feedback channels. The employees feel acknowledged, motivated and celebrated. This practice would indirectly improve employee performance and create healthy competition within departments.
This practice has been shown to improve communication and create a supportive work environment in a company.