The answer to this question varies depending on a number of factors, including the size of your company, your budget, the number of employees you have, and the type of gifts you plan to give. However, there are some general guidelines that can help you determine how much to spend.

First, it’s important to consider the value of the gift. While it’s tempting to opt for the cheapest option, remember that the gift you choose is a reflection of your appreciation for your employees. A thoughtful, high-quality gift can go a long way in showing your gratitude and boosting morale.

Second, consider your budget. While you don’t want to overspend, you also don’t want to skimp on your employees. A good rule of thumb is to allocate 1-2% of your total payroll budget for employee gifts. This may seem like a lot, but keep in mind that the investment in your employees can pay off in increased productivity and loyalty.

Finally, consider the type of gifts you plan to give. If you’re opting for small, personalized gifts, you may be able to spend less than if you’re giving larger, more expensive items like electronics or travel vouchers.