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Many companies establish these programs based on intuition and a vague understanding that employees want to be recognized for their tenure. 1 as they play an important role in the insurance industry. While the emphasis on consistent rewards and recognition has risen over the last five years, service awards seem to be an often overlooked piece of the recognition puzzle. Long-service Awards and Retirement Gift Policy & Procedure Accordingly, an incentive award cannot be in the form of cash or a gift certificate (other than a non-negotiable certificate conferring only the right to receive tangible personal property). For the purpose of this article, lets focus on service awards themselves while still considering that they fit into the larger mosaic of an entire recognition program. They also develop a curiosity about their career trajectories at the company, should they choose to stay. If the manufacturer provides a gift or an award directly to an employee of the dealer or if it is gifts or awards provided by a person other than the employer, refer to: Gifts and awards provided by manufacturers and other payers to your employees. In "Law updates". Service awards should change over time, depending on how long an employee has been with your company. One often overlooked element of employee service awards is that they have the potential to extend beyond simply acknowledging tenure. Prior authorisation to travel on University business, Miscellaneous business expenditure whilst travelling, Employee accommodation whilst on business journeys, Telephone calls and similar incidental expenses, Visitors involved with educational activities, Subsistence payments to visiting foreign academics, Payments to research volunteers, lay participants and participants in clinical trials, Payments to research volunteers, lay participants and participants in clinical trials overview, FAQ - UPS5 payments for Research Study Participants, Travel expenses for individuals attending interviews, Equipment to assist people with a disability, Personal purchases from University suppliers, Childcare salary sacrifice/voucher scheme, Searching the system and new supplier requests, Incorrect purchase order (PO) distributions, Departmental Head/Administrator monthly checklist, Chapter 7 - Cash and banking procedures overview, Chapter 8a - External trading and credit control, Chapter 8a - External trading and credit control overview, Considerations Before External Sales are Made, Considerations Before External Sales are Made overview.