ASI Says Corporate Gift Giving Trending
More Nice Than Naughty

Companies giving gifts told ASI they plan to spend an average of $43 per customer or prospective customer on popular promotional products like food baskets or wine bottles branded with a company’s logo, which hit the top of the 2014 gift list, followed by desk accessories like imprinted power banks (35%), writing instruments (31%) and calendars (28%).

According to ASI’s 6th annual Corporate Gift Spending Survey, businesses giving gifts to employees will spend an average of $50 per worker. Most companies are handing out gift cards, followed by food/beverages, apparel and cash bonuses. This year, charitable donations and travel ranked at the bottom of the employee gift list.

“Everyone appreciates being remembered and recognized, which is why smart companies choose to recognize faithful customers during the holidays with a special gift that says ‘Thanks for your business,’ ” said Timothy M. Andrews, president and chief executive officer of ASI. “Whether it’s a calendar for a client’s showroom, a high-tech accessory for their office or a gift card for loyal employees, thoughtful gifts deliver a terrific ROI.”

All told, about six in 10 (62%) companies plan on rewarding clients and employees this year. Results also show that this year, many companies appear to be delaying exact spending decisions until much closer to the holidays.

The main goal of giving gifts to customers is to express appreciation (86%) and for relationship development (69%), as well as to generate good will and increase company awareness, the survey found.

“People tell me they literally can’t wait to get their holiday bag each year,” said Trish Corvelli of Corvelli Realty in Virginia, who spends about $3,000 each holiday to thank clients and potential clients. Corvelli sends each one a logoed gift bag packed with a variety of useful household items and a calendar. “I look for things people need, so they don’t forget me.”