Employee Leaving the Company Gifts
MNHR952
7 Posts
Hello,
Does anyone have a policy on amounts you spending as a parting gift for retirees or those who have made significant contributions to the company? Would you be willing to share? How do you distinguish between executive, middle management, other professionals?
Thank you in advance!
Comments
The company feels that the retirement of an employee should be an occasion for celebration and for recognition of the individual's contributions to the organization. The company will plan and pay for a dinner or similar gathering for the retiree, his or her spouse, and fellow employees. The following rules apply:
1. The company will cover the costs of the dinner for the retiree, his or her spouse, and fellow employees. Any other guests or spouses of employees must be paid for personally.
2. The company will contribute a set amount toward the purchase of a gift for the employee who is retiring. But fellow employees are responsible for selecting the gift and soliciting additional contributions to pay for it.
3. The division or department for which the employee works is normally responsible for planning and executing the retirement party. However, the corporate personnel department is available for consultation and should be notified when such observances are scheduled.