Starting an Employee Service Award program in your company is a powerful way to recognize employees for their long and loyal service. Studies show that implementing a Service Anniversary award program will have a significant impact in your business, by improving employee retention, helping build employee loyalty, and will demonstrate and promote your company’s values. Employees make a choice to stay with your company, and their service represents a major investment of their life. When you recognize an employee for their dedicated service, you should not only recognize their length of service (quantity of service), but their achievements and contribution to the company’s success (quality of service).
A Length of Service recognition program is even more important when you have a business with a high turnover. If you can increase employee retention by implementing a recognition program, it will also help offset the high cost of turnover. Most companies begin their service recognition at five years, but for companies with high turnover, we often see service awards given when the employees complete their first year.
When the employer remembers and then acts to celebrate the employee’s service milestone, it will have a very positive impact on the employee. Then add a tangible award as well, and you have created a lasting memory.
Recognizing your employee’s years of service is very easy to do, and one of the most important recognition programs you can implement.
If you are planning to start a new Service Award program, or if you want to update an exising one, please Contact Select-Your-Gift today. We’ll send complete information along with an actual Employee Service Award Presentation packet, and sample award catalogs.
Other topics to consider when starting your service award program:
- Catching Up - What about past service milestones that were not recognized?
- Service Award Presentation Tips - When & How to give service awards
- Cash or Merchandise as service awards - What award works best
Tags: employee loyalty, employee service recognition, improving employee retention, length of service awards, service awards, service recognition program, service rewards