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Trends In Years Of Service Awards Programs 2014

Тop Trends in 5 Service Awards Programs Trend #1: Recognition Right on Time Employers are giving service awards right on time, the same day of the anniversary. It's easy to recognize on time with an automated platform to schedule emails. 70% of employees are recognized 1x/year Bersin & Associates, 2012 Trend #2: Service Award Info is Sent Online Although employees receive an email to congratulate them and provide ordering instructions, managers are still taking the time to thank people for their years of service in person. 73% of award info is sent 71% of recognition is delivered via a program via email one-on-one setting with the manager WorldAtWork.org, 2013 WorldAtWork.org, 2013 Trend #3: Recognition is Impacting Job Performance Metrics that increase as a result of implementing an employee recognition program: Return on Assets Return on Equity Employee Retention Customer Retention 55% of employees agree that the quality of their company's recognition efforts impacts their job performance Return on Profit Margin Employee Engagement Employee Productivity 20 40 60 Human Resources Management Report, 2012 SHRM, 2012 Trend #4: Early Service Awards Many companies are starting to recognize years of service anniversaries beginning after the first year of employment. If you don't award early service awards, employees wait 5 years before receiving recognition! 1st 5th 91% of employees feel they should be recognized and rewarded for their 1st 63% of HR managers feel employees should be recognized and rewarded for their 1st anniversary anniversary Accelir, 2013 Accelir, 2013 Trend #5: Recipients Select Multiple Awards More employers are giving employees credits that can be spent on a variety of goods. This may include gift cards, merchandise, travel and tickets to various experiences. Instead of picking from one price point, employees can use up the credits however they would like for the service anniversary award. 39% of managers feel non-cash rewards are more effective than cash, only 20% think cash was most effective Incentive Performance Center, 2013 AWARDS NETWORK TM Get in touch! Join our community sales@awardsnetwork.com http://awardsnetwork.com in

Trends In Years Of Service Awards Programs 2014

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This infographic highlights the Top 5 Trends of Years of Service Awards Programs for 2014.

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