Monday, May 28, 2012

Money & Business

USN Current Issue

How Much, If Anything, to Spend on the Boss

By Emily Brandon
Posted 2/21/07

It turns out the more money you make, the less likely you are to spend some of it on a gift for your boss. Some 34 percent of workers who make under $50,000 a year say they will buy a gift for their boss, a CareerBuilder.com survey found, compared with 27 percent of employees who make between $50,000 and $100,000 a year and only 23 percent of workers who make over $100,000 a year. Female employees are more than twice as likely as men to buy their boss a gift, but only 5 percent of all workers report feeling obligated to do so.

"In general, you do not give your boss a gift," says etiquette expert Peggy Post, although she concedes there are always exceptions to that rule. If you feel the need to bestow a present, don't give your supervisor a gift that's just from you, advises Post: "You may look like you're trying to curry favor with the boss." Instead, she recommends that you pool your money with coworkers to get the boss a joint gift.

How much do most people spend on a team gift for the boss? This is what the CareerBuilder.com survey found:

How Much Is Spent on the Boss

Amount Spent Percentage of Employees
$5 or less 18 percent
$6 to $10 29 percent
$11 to $15 13 percent
$16 to $20 17 percent
$21 to $25 7 percent
$26 to $50 8 percent
$51 or more 8 percent

Source: CareerBuilder.com

More on Business Gifts:

The 10 Best Business Gifts–and How to Give Them

5 Tips for a Foolproof Gift

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