Are you looking for a simple, yet effective way to reward your employees with an online gift card? If so, this article will walk you through the process from start to finish. Not only is it tax-free, but it’s also simple to give, so it’s the perfect gift for your team. Here are some of the best options:
Tax-free
If you’re an employer looking for ways to save money while rewarding your staff, consider tax-free online gift cards for employees. Gift cards can save you money, as they fall under the “minor benefits” exemption. Employees will be pleased with the choice of what to spend the card on, and you can also save tax on the transaction. Before you hand your employee a card, however, be sure to check its taxability with the ATO or your tax adviser.
Easy
If you want to reward your employees for their loyalty and hard work, email gift cards are a convenient and affordable option. They allow you to select the exact rewards or benefits that your employees want. These cards are available in a variety of denominations and currencies. Unlike physical gift cards, which often get lost or stolen, an email card can be redeemed easily. Moreover, employees don’t have to worry about losing or misplacing them.
Fun
Employees love receiving gifts, especially cash bonuses. Often, this bonus money is used for responsible spending, such as paying off debts and student loans. Other employees might use the money to treat themselves, or even pay off their mortgage or energy bill. However, giving employees gift cards is an excellent way to reward them for their hard work and dedication. Employees can use them to buy tangible items that will make their lives easier and more enjoyable.
Easy to give
Giving employee gift cards is a great way to reward outstanding work and show your appreciation for their efforts. However, it is always best to present them in front of peers and explain the benefit of these gift cards as an award. Employees often appreciate recognition from someone they admire and respect, whether it is their boss or a fellow employee. Fortunately, gift cards can be given in many different ways. Listed below are some examples of great employee rewards that include easy to give online gift cards.
Cost
If you’re wondering how much it costs to purchase online gift cards for employees, consider the cost of mailing physical cards. Mailing physical gifts requires tracking couriers and addressing envelopes, which can be time consuming. However, digital cards require no such effort, and you can even choose to send them through email, text message, or traditional mail. The best part is that you can customize your gift cards to reflect what your employees like.
