Gift Cards: To Give or Not to Give?
A hot topic in procurement is gift cards. After all, who wouldn’t appreciate receiving one? Nonetheless, it is vital for employees to understand and adhere to all financial controls associated with gift card purchases. To assist in choosing the appropriate procurement method for acquiring gift cards, we have created this decision tree. Gift cards can serve various business purposes, such as compensating participants in research and surveys. If you intend to provide gift cards to an employee, obtaining prior approval from Human Resources is essential.