ALLOWING EMPLOYEES TO TREAT THEMSELVES:

When you give your teams a gift card or voucher, it can allow them to spend it on something they may have been wanting to purchase for a while, but without worrying that it would be better spent going towards a bill or savings.

THEY REMEMBER IT MORE:

As gift cards or vouchers are often put to something tangible or experiences, it can remind your employees of your business, what you did for them, and the hard work that got them a reward.

EASIER TO TALK ABOUT WITH COLLEAGUES AND FRIENDS:

It can be challenging to talk about cash bonuses with our colleagues and friends, but they can talk about a voucher or other tangible incentives without the stigma. This can allow your employees to talk about their achievements more easily, while creating a positive impression of your company which can help with attracting and retaining talent.

FLEXIBLE FOR ANY BUDGET AND OCCASION:

The perfect thing about gift cards compared to physical rewards is that they can be tailored to fit your budget, whether you want to spend £10 or £100. You could treat all your teams to a coffee on a Friday with a gift card to a coffee shop, or if you wanted to say Happy Birthday to a long-standing member of your team you could treat them to a voucher, they can spend on a restaurant to celebrate.

POTENTIAL TAX SAVINGS:

In 2016, HMRC introduced trivial benefits to allow businesses to gift small staff perks including Christmas and Birthday presents without having to pay tax or national insurance. These have to be less than £50 per employee and cannot be cash vouchers. It also can’t be given as a reward for their work.

So, if you want to celebrate occasions like Christmas, Birthdays, or a surprise treat for the Summer, then you can give your employees gift cards as a trivial benefit and save money on taxes.