Glossary of Employee Recognition, Total Rewards, and Company Culture Terms
Service awards are a type of employee recognition that acknowledges and celebrates employees for their dedicated years of service to a company. These awards are typically given on milestone anniversaries, such as one, five, ten, or twenty years of service, and can include gifts, plaques, or certificates.
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Get a DemoAfter a full year (or years!) of work at a company, employees need to be recognized with a years of service award. By recognizing and celebrating employees for their years of service, companies can demonstrate their appreciation and commitment to their employees. This, in turn, can boost employee morale, satisfaction, and loyalty, leading to increased retention rates and a more positive company culture.
Service awards for employees show appreciation for an employee’s hard work and dedication. This helps them feel valued and cared for, which increases motivation and engagement. Additionally, really awesome service awards can get people excited, motivating them to stay with the company and reach the next milestone anniversary.
Determining the right frequency for service awards for employees is important to keep employees engaged and appreciated. Most companies recognize employees at major milestone anniversaries, such as 1, 5, 10, 15, and 20 years of service. However, some organizations give employee service awards more frequently, offering smaller awards for every year or even every six months to show ongoing appreciation.
Make service awards for employees meaningful and impactful by:
Service awards can vary widely and be tailored to fit a company’s culture and budget. Common service award examples include:
Regardless of the specific service award ideas, the key is to make it meaningful and reflective of the employee's contributions and years of service, ensuring it resonates with the employee and shows genuine appreciation.
Awardco’s user-friendly platform allows employers to personalize service awards, send timely reminders for milestone anniversaries, and publicly recognize employees in a variety of ways. Click here to request a live demo of our rewards & recognition platform.