How Much Should You Spend For A Retirement Gift For A Colleague?
Retirement gifts are the most straightforward way to express appreciation to someone at work — whether that person is an immediate supervisor, regular colleague, or work best friend. However, buying a retirement gift isn’t as simple as it seems.
How Much To Spend?
When choosing a gift, you have to consider your budget — which brings us to this commonly asked question: Just how much should you spend on a retirement gift?
There’s no right or wrong answer to this one. As people would say, the gift should primarily come from the heart. But if you’re looking for appropriate figures, know that employees typically shell out around $10 to $50 when buying a gift for a retiring colleague.
If you’re simply chipping in for a group gift, even $5 is considered acceptable.
However, if you’re close with that colleague — and considering that retirement is a pivotal point in their life — you can spend as much as $100 on your gift. You’re also expected to spend more on a retirement present if the retiree is a family member.
Retirement Gift Ideas For Your Colleague
When it comes to gift-giving, it’s not only the budget that matters. You have to consider the nature of your relationship with the recipient, how long you’ve known them, and their personality and passion.
Here are some of the best ideas you can check out:
Longest Coffee Break Retirement Travel Mug. Is your coffee break buddy already retiring? Send them off to their longest coffee break yet with this sleek travel mug. It has double-wall insulation, a 20-ounce capacity, and three color availability (black, coral, and navy blue). You can also have it personalized with a brief message.
Eat, Drink, & Be Retired Cutting Board. Is the retiree a certified food lover? This bamboo cutting board is a functional gift they’ll appreciate. Not only does this serve a practical use in the kitchen, but it’s also a reminder of how much time they have now — time they can spend cooking, trying different recipes, and eating.
Roman Leaves 5-Piece Personalized Wine Set. For workers, nothing screams relaxation like a bottle of wine. If you’re retiring colleague loves to end their long day with wine, this wine set is the best thing to complement their favorite bottle. This comprises five essential accessories housed in a dark brown or gray faux leather case.
Retiree’s To-Do List Wine Glass. This wine glass is perfect for colleagues who always fancy a glass of wine — and it goes well with the abovementioned gift idea. This 16.5-ounce glass features two to-do items as its text: “Drink wine” and “Whatever I want.” You can also personalize it for the recipient’s first time.
Life Begins At Retirement Personalized Clock. Life begins at 40, they say. But it’s really after someone’s retirement that they can truly have the freedom to pursue the things that they think will make their life worthwhile. If you want to tell your colleague just that, this optic crystal clock is the ideal retirement gift. It’s poetic, practical, and it already comes with a battery for immediate use.
