Spending Guidelines for Gifts Given by Hourly-Wage Workers and Non-Supervisory Salaried Positions
Gifts From an IndividualA gift card of $10-$25 is appropriate; less is "cheap" and more is not necessary.
Whether you are purchasing a gift or making a gift, the value of the gift should not exceed $50.00. This does not mean you have to spend $50 on a gift but that the value of the gift should not exceed $50. For example, buying gifts on sale reduces your costs, but not the value of the gift.
Gifts From a Group
If you are giving a group gift, a suggestedcontribution of $5-$10 to the "pot" is more than enough to either buy an appropriate gift or gift card. Never insist that anyone contribute -- they may not be able to afford it or want to be involved. The key to successful group gifting is "suggested" guidelines, not force guidelines. Gift giving should feel good, not like punishment.
If the group is purchasing a gift, the value of the gift should not exceed $50 times the number of people in the group the gift represents. This does not mean you have to spend $50 per person, but that the assessed value of the gift should not exceed that amount.
Business Gifts Etiquette Tips About Cash
Gift cards are like giving cash, but are better than actual cash. When the recipient spends the gift card they are more likely to remember the giver.
Cash is a very personal gift and generally should not be given in the office place unless it is a taxable bonus from an employer.
If your boss is well-liked and struggling financially and everyone is really set on raising funds for the boss (or a co-worker), give a Visa (or other major credit) gift card. It can be spent like cash but will seem less like charity than handing them a personal check or cash.