Long-service awards & benefit programmes: a guide for employers
Long-service awards should form an integral part of your reward and benefits strategy. Despite people changing jobs more often, long-service awards still have many advantages and can increase employee retention.
Choosing a long-service award can be difficult as it needs to be meaningful. But some gifts allow for more personalisation than others, which is why recommend:
- Additional annual leave and sabbaticals
- Experience days
- Mini breaks
- Public recognition or hall of fame
- Gift cards
In this article we cover:
- What a long-service award is
- Long-service award benefits
- How long-service awards increase employee retention
- Improving employee experience to boost retention
- How to create a long-service award programme
- What gifts or long-service awards to include in your programme
- Tax implications of long-service awards
- Rewarding long service with Perkbox
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