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Glossary of Human Resources Management and Employee Benefit Terms
Employee merchandise refers to products or items that are made available to employees by their employer, often as a form of recognition, appreciation, or branding. These items may include company-branded apparel, accessories, promotional items, or other merchandise that employees can use or wear. Employee merchandise programs aim to foster a sense of belonging, pride, and loyalty among employees while promoting the employer's brand.
Branded items or company-specific products provided to employees, serving as both promotional material and employee perks.
The types of merchandise offered to employees vary widely depending on the company's budget, culture, and target audience. Some common examples include:
There are several ways companies can distribute employee merchandise:
Employee merchandise offers various benefits for both parties:
1. For employees
2. For employers
Employee merchandise can be provided either free of cost to employees or at a subsidized price. The company typically covers the cost for essential items like branded clothing and logo-emblazoned accessories. However, for more personalized or optional items, employees might contribute a portion of the cost through payroll deductions or online store purchases.
The tax implications of employee merchandise depend on the value of the items, the frequency of distribution, and the specific tax regulations in the jurisdiction.
It's crucial for companies to consult with a tax advisor to ensure compliance with all applicable tax laws and regulations regarding employee merchandise.
These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).
Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.
eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.
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