Hi there 👋 The holiday rush is about to end, and workdays and routines are starting to fall into place again. In this article, we'll look at how HR managers can reward employees for their efforts in a way that benefits both the employee and the company.
Unikum Regnskap is an accounting firm that helps its clients with accounting, payroll, and HR-related tasks. Managing Director Truls Uppheim says that small recognitions in the form of gifts are often very well received, and help increase employee well-being and motivation at work.
I believe the biggest benefit of giving tax-free gifts to employees is that they feel seen and appreciated. Employees are a company's most important resource, and it is a good investment in the future to ensure that they are motivated and loyal.
Many companies are not aware of what and how much they can give to employees tax-free. This means they miss out on golden opportunities to recognize employees. When you know the regulations, gifts can be used as an effective tool to keep employees happy and loyal to the company.
The main rule is that all employees and board members can receive gifts of up to NOK 5,000 tax-free each year. At the same time, the company receives a tax deduction for this amount.
In addition, gifts of so-called trivial value can be given, but also on larger occasions such as weddings, anniversaries, and retirement. The only restriction is that the gifts cannot be given in the form of cash. See a complete overview of the tax rules here .
Employee recognition can be beneficial to your business, as it increases employee motivation, loyalty, and satisfaction, especially if the timing is right.
"Gift cards are the gift that gives the employee the most flexibility, and makes it easiest for you to give recognition at the right times," says Truls.
Some good occasions for giving gifts to employees include:
Pre-boarding and onboarding
It can be effective to give new employees a little attention before they start their job. This helps the new employee feel welcome and wanted in the company, and facilitates a good start to the employment relationship.
Anniversaries, birthdays and other celebrations
By recognizing employees on their anniversaries, you show that you care about them. It's a great opportunity to show how grateful you are for your employees and brag a little about the effort they put in! For anniversaries, it's possible to go big, as the tax rules are particularly favorable.
Holidays
Holidays are a great time to boost your entire workforce. Whether it's Christmas, summer, or Easter, sending your employees into the holidays with a smile on their face and a positive feeling about your company increases the likelihood that they'll return after the holidays motivated to give their all.
Recognition for good performance
Employees who go the extra mile often deserve and expect extra recognition. These rewards don't have to be big, the most important thing is to show that you notice and appreciate the extra effort they put in.
In the past, giving gifts to employees was time-consuming. You had to remember it, decide on a gift, buy or order it, and deliver it. It goes without saying that this can be stressful for HR in companies with many employees.
With the new integration between Glede and Huma makes it easy to recognize your employees. Huma gives you a full overview of your employees' anniversaries, such as birthdays, anniversaries, start-ups, or retirements. The integration allows you to easily plan and send digital gift cards directly from Huma when important anniversaries come up. In addition, you don't have to think about what to give, as employees can use the gift card anywhere, directly from their mobile phone.
Huma is a modern HR system tailored for small and medium-sized businesses in Norway. Huma combines new technology with local knowledge to support all your HR processes, whether it's digital personnel files, employment contracts, absences, or other HR-related tasks.
Glede makes it easy to recognize employees with digital gift cards that can be used anywhere. It is sent directly via SMS or email, to one or hundreds of recipients. The gift card can be used right from your phone at any point of sale in the world that accepts Mastercard.
Read what users say about the service here.
Unikum Regnskap is an approved accounting firm that works with small and medium-sized businesses. They simplify the everyday lives of their clients by delivering high-quality financial and accounting services. They have a partnership with Huma and provide advice on HR-related questions and challenges.
Give the gift card that can be used everywhere - in-store and online!
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