Why Years of Service Awards are more relevant than ever

05 October 2017

In the digital age, company loyalty and long working tenures are becoming increasingly strained. So why are Years of Service Awards more relevant than ever?

The days of receiving a gold watch or pen for years of dedication to a business seem to be rapidly fading in the rear view mirror. Average lengths of tenure are shrinking yearly, with the workforce going digital and seeking greater flexibility in working times and locations. Loyalty to one business is also becoming more tenuous as workers seek career diversity from a younger age. 

These changes mean that retaining workers for an extended tenure should be celebrated with a quality Years of Service Award programme that offers more to your valued employee than a pen they will rarely use.

Years of Service Awards in the U.K.

Personnel Today reveals that 63 per cent of U.K. companies use Years of Service Award programmes. While the majority agree on the period of service that dictates worthiness of recognition (a minimum of 20 years), there is little agreement on the reward value. While many businesses simply offer cash bonuses, others offer more creative awards like parties, trips to the House of Lords and even tea sets. But do these offerings speak to the personal interests of the tenured employees they are rewarding?

An expensive pen will no longer cut it as an award for years of service to your business.

63 per cent of U.K. companies use Years of Service Awards programmes.

PwC's 'Workforce of the Future' report indicated that 60 per cent of surveyed individuals thought that few people will have or pursue stable, long-term employment in the future. This mindset shift indicates a need to prove the value of long-term workers to your organisation, rewarding them with the things that matter to them individually.

Power2Motivate Years of Service Awards celebrate individuality

Building a culture of recognition is key to keeping your employees positively engaged with your business. Our Years of Service Awards platform is simple to integrate, customisable and comes equipped with calendar reminders to ensure you never forget your employees' professional milestones.

With an online communications centre, peers and managers can recognise the professional diligence of your tenured employee, building a culture of peer-to-peer recognition. And the icing on the Years of Service cake comes in the form of our huge Rewards Gallery - with hundreds of options to choose from, your valued worker can pick a memorable award that truly suits them.

Power2Motivate U.K.'s years of excellence

A Years of Service Award programme that recognises the diligent commitment of an employee to your organisation could just be the incentive you need to keep your valued employees committed. Power2Motivate's industry experience spans over 150 countries and 17 languages, delivering high quality years of Service Awards programmes across a range of industries. For more information on how you can make your employees' years of service really matter, contact our customer service team today.

 

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