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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After a full year (or years!) of work at a company, companies need to be recognized. 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 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.
Make service awards meaningful and impactful by:
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.