I manage 5 people and I think they expect a gift.
A couple years ago I gave two of the admins $150 gift cards to a nice restaurant because my organization refused to allow promotions/lower raises that year and they worked really hard. The other three people are Director level and manage their own teams, but I still get them gifts usually a $50-$75 gift card. I also write them all a note, take them to a nice lunch during work hours, and give them an extra day off (not all at same time/asked HR and was allowed because we have a high performing team).
This year for a variety of reasons (medical expenses, other expenses, etc) my spouse recommended I cap it at $20-$25 for the Director level and $50 to the admins, but keep the other things. I just feel like there will be talk since there is history of my gift giving.
I make good money, but I am not in the private sector (not government either), so am not making private sector money. Any ideas?