Retaining top performing employees is more of a priority than ever in today’s difficult economic conditions. Indeed, the costs of recruiting staff are as high as ever, so it makes sense to retain the best talent wherever possible.
Of course, employees will look for signs of just how much they are valued when deciding whether or not to stay with a company. Therefore, one of the best ways to retain staff is to reward the loyalty and commitment of long-serving employees with suitable rewards.
As well as being very effective motivational tools, long service awards can also help to strengthen the culture of an organisation by illustrating just how much employers value the loyalty of their employees. Certainly, rewarding long service in this way ensures that employees remain in no doubt as to just how much their employers appreciate their continued contributions to the business.
The nature of modern working practices has led to the awards themselves changing dramatically in recent times. Indeed, the presentation of a long service award was once a relatively rare occurrence which happened when an employee had worked for a company for 25, 30 or 40 years. However, awards these days are given for as little as 12 or even 6 months’ service.
Nevertheless, rewarded long service of any duration shows employees that they are both valued and valuable.
Explore our pages further to find out more about the outstanding loyalty schemes and staff rewards systems we offer here at Ovation Incentives.