Rationale for Having a Dedicated Budget for Corporate Gifts

1. Impressgift.com.sg Rationale for Having a Dedicated Budget for Corporate Gifts Singapore, being a tax haven and ranked 2 in the Ease of Doing Business Index (2019), plays a host country to certain Multi-National Corporations (MNCs). This evolved the corporate culture there, which comes with its challenges. Corporate Gifts is one of them. Budgeted Corporate gifts in Singapore or anywhere is a move in the right direction. In the evolved corporate culture scenario, corporate gifts are just not a formality but they are also linked with the goodwill of the company. Having a dedicated budget for corporate gifts can sow seeds for many merits: A non-lapsable fund made of certain percentage of profits can relieve the company from the last moment financial burden. Done well, budget corporate gifts in Singapore provide an excellent return-on-investment by strengthening relationships that lead to more and sustained business. Corporate gifts show the affection and care the company carries for its investors, creditors, etc. It also shows the recognition of the efforts and hard work of employees. Branding corporate gifts with companies' names could help the business in increasing their referrals and creating additional leads. Budgeted Corporate gifts are, at any time, a morale booster and a motivating incentive for the given party. Monetizing someone's hard work and their role in the company is next to impossible. But a dedicated budget for corporate gifts could always be a happy lending hand in whom to incentivize more and vice- versa. Purchasing a budgeted corporate gift in Singapore could be done physically or virtually, i.e. from an outlet or online. Ensure to purchase the right gift for any given party, as it symbolizes the goodwill of the company, the relations to be maintained and sustained, and a thoughtful and caring gesture, all at the same time.