Spending Guidelines for Gifts From Executives, Upper Management, and High-Salaried Employees
If you make more money, unwritten workplace gift giving "rules" allow you to give more - if you want to. Just because you earn more or have a higher position in the company you are still not required to give gifts. However, if you wish to give a gift to your boss give the gift as an individual unless you are part of a sales, marketing, or other team-oriented department.
Gifts From an Individual
A gift card of $50-$100 is appropriate for upper wage earners; less is "cheap" and more is not necessary.
If purchasing or making a gift, the value of the gift should not exceed $150.00. This does not mean you have to spend $150 on a gift but that the value of the gift should not exceed $150.
Gifts From a Department Team
If you are giving a group gift from a department where all team members are earning higher incomes, a contribution of $15-$25 is usually 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 if you think that they can.
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
Making more money does not always mean you have more to spend. Unfortunately, there is often unwritten pressure when it comes to gift giving the higher you rise in a company.
While there are no business or gift giving etiquette rules that require you to give gifts no matter what your income or position in the company, you may still feel obligated to do so.
If you cannot afford a gift, never underestimate the value of giving a recommendation or praise and recognition shown through loyalty and support given throughout the year. If you maintain a good working relationship with your boss the remainder of the year, he/she will not care if you do not offer an expensive gift on any given occasion.