What should a company spend on employee service awards?

This is generally broken down by a cost per year of service. On average, companies spend about $20 per year of service. Thus, a 10-year service award gift should be around $200. After 1-year of service, service award budgets average $10 to $15. As you approach the...

Why are Service Awards Important?

It is important to recognize your employees for their tenure as that in and of itself is an achievement to be admired. When done properly, a well run and effective service award program sends a positive message that loyalty is important. Not only do you recognize...

Why do service award programs fail?

Programs fail for various reasons. One of the primary reasons for failure is that If your organization has a very poor budget, the perception of the gift being “cheap” can cast a bad light on your organization. Your employees will question is this all they...