Service Award Programs

One measure of a successful company is its ability to retain experienced and knowledgeable employees. Companies with high turnover rates are less likely to satisfy their customers.

It's common for employees to receive a years of service award at five year increments. However, in industries that struggle with high turnover, they may recognize service as early as six months or one year. Service awards have an increased value at each higher level.

A growing trend with service awards is to present employees with a symbolic recognition item for the years of service such as a custom lapel pin, crystal award or plaque that will be a permanent keepsake. In addition, the employee can "pick a gift" from a catalog of functional and lifestyle gifts.

Achievement awards for either length of service of safety achievement with a "qualified plan award" may also be tax deductible. See IRS Publication 535 for details.

Contact us today to discuss ideas for your service award program and retirement gifts.

Importance of Employee Recognition

It's a well-known fact that customers and prospects evaluate a company based on their perception and interaction with its employees.

Appreciation is one of our basic human needs and we want to believe we make a difference. Appreciation shows that the efforts are noticed, valued and contribute to the success of the organization.

Appreciation is good for business too. Studies have shown that employee recognition leads to improved morale, higher productivity, less absenteeism and lower turnover, that all result in a stronger company.