Companies have been recognizing employee service anniversaries for decades – and for good reason. Employees who stay with companies for many years highlight the best parts of that company’s culture: loyalty, engagement, and passion for their work. Service milestone awards help employees feel seen and valued by their leadership. Well-recognized employees are more likely to maintain loyalty to their company and typically experience greater happiness with their job.
Tangible Rewards
We’ve all seen the usual commemorative service award gifts of plaques, paperweights, and trophies. Those are all excellent, tangible rewards for a milestone. However, here at Xceleration, we encourage our clients to pair those commemorative gifts with a meaningful lifestyle reward. Doing so helps further gratify employees and improve a company’s Culture of Recognition.
In our service milestone award programs, we include items that people use regularly. These rewards cater to their lifestyles – like electronics, luggage, fitness equipment, and even kitchen appliances. Offering lifestyle rewards in a web-based catalog allows companies to stay on-trend and maintain real-time inventory. Employees can redeem for what they want, when they want. When employees get a say in their reward experience, the impact goes deeper. So what does all this value add up to?
Trophy value.
Trophy value creates a consistent reminder of employees’ achievements and passion for their work. The concept goes even further when the rewards makes an impact on their everyday lives. It allows employers to connect with their employees in more meaningful ways. Instead of a decoration that melts into the background of a shelf or desk, the best trophy value rewards can be utilized. They serve as an consistent reminder of being valued and recognized for hard work. Prioritizing trophy value is a fantastic way to take your service milestone awards to the next level.
What About Other Types of Rewards?
Xceleration offers a wide variety of reward options. One particularly impactful and meaningful reward is individual incentive travel. Recognizing employees with a meaningful experience carries the same impact and trophy value as a great merchandise reward. While not technically a tangible item, a travel reward gives employees opportunities to create amazing memories and to return to work refreshed and energized.
Gift cards, another reward offering, are usually omitted from service milestone award programs due to country-specific taxation laws. And while they’re great reward options for the flexibility they offer, they do not deliver quite the same trophy value as merchandise. Merchandise rewards’ more direct connection to the recognition event helps deepen employee loyalty and engagement, which is crucial to our industry’s main focus: company culture.
Reach Out to Xceleration Today!
Many companies have created a culture for their employees with goals, behaviors, and statistics. Xceleration’s RewardStation® platform serves as a tool to strengthen and deepen this culture throughout the entire company, leading to a more unified front in innovation, collaboration, and quality. Our goal is to work with companies and use our expert knowledge in employee recognition, sales incentives, and service milestone programs to help improve company culture and create the supportive foundation they need to reach their own goals. You can find out more about our Service Milestone Award programs by visiting xceleration.com/service-awards/.