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Facts & Tips for Anniversary Awards

Build a committed and enthusiastic culture in your organization by honoring dedicated employees anniversaries. Anniversary Awards are a cost effected way to increase engagement, retention, and productivity of employees.

Did you know anniversary awards…

 

  1. Increase Employee Retention – Employees stay 2 years longer with companies that have an anniversary award program. Consistent and high quality programs see a 2x increase.
  2. 3x More Effective than other employee benefits – Financially more affordable with a greater return on investment than a 401k matching and healthcare benefits.
  3. Increases Engagement by 18% – Millennials to Baby Boomers – all generations consistently show a 15 -18% increase in employee engagement which directly effects productivity and retention.
  4. Tax Deductible – Anniversary Awards at 5 year increments are tax deductible which should help budgets when honoring all employee’s years of service milestones.

Milestone Awards

Years of Service Awards do not have to be expensive but should increase in size and value with each milestone. Some awards, such as perpetual awards, allow recipients to add an additional engraved piece to their existing award as they gain milestones. They can also be used to acknowledge other achievements such as Employee of the Month, Sales goals, and more.

Years of Service Awards

So, why recognize with Years of Service Awards? This is your employees professional birthday and a time to recognize their contributions to organization. It is more meaningful than a birthday celebration since it honors their time with the company. These awards can be given on the day their anniversary for a personal moment or as a monthly award ceremony in front of their peers.

Years of Service Awards are meant to build upon a valued employee’s longevity and is shown to increase the amount of years an average employee stays with a company. It also increases the productivity of the employee during those years.

Due to their reoccurring nature, anniversary awards are easy to manage with a simple calendar. You can order awards at the beginning of each month to be handed out on the key dates. Place your order about 2 weeks in advance of give yourself enough time to account of production and shipping. Rush production schedules and expedited shipping services are always available.

The post Facts & Tips for Anniversary Awards appeared first on Successories Blog.



This post first appeared on Successories Blog - Inspire, Motivate, Recognize, please read the originial post: here

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