Long Service Awards
The cost of rewarding an employee with a long service award far outweighs that of re-training a new staff member, therefore the choice is obvious to reward long service and improve employee retention.
These days staff are more likely to change jobs than ever before, even more reason to recognise your most prized asset with a long service award, whether it be 10, 20 or 30 years service. Here are some things to consider when thinking about loyalty and long service awards:
- The long service award needs to offer the broadest range of choices and suitable for all recipients
- The reward is only half of the equation; statistics show that the act of recognition is as important to the recipient
- Given the above, it makes sense to outsource the reward element; but how can the presentation of a long service award be made special and memorable by the company?
- Long service awards given at 20, 30 & 40 year's, providing the award is 'tangible', can be given tax free, up to certain limits
Love2reward are an experienced reward and recognition provider and can assist in tailored solutions specifically in the area of long service awards.
The solutions we recommend you consider for long service awards are listed below, however if you would like to speak to a Love2reward representative about what we can do for your long service awards, then please 'talk to us' today.
Find out more about our Staff Reward & Recognition schemes, or specifically in the areas of Retirement Gifts, Online Rewards or Corporate Anniversary Solutions