Companies give cash for long-serving staff

The traditional gift, such as a carriage clock or gold watch, to reward years of dedicated service by an employee, now seems to be a thing of the past.

A survey by Personnel Today‘s sister publication IRS Employment Review shows that many organisations now favour cash awards, gift vouchers or extra annual leave to reward their long-serving employees.

However, while some organisations genuinely recognise experienced, skilled and loyal employees, other awards leave a lot to be desired.

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Some of the typical gifts revealed by the survey included:

• BSH Home Appliances – one month’s salary tax-free and five days’ extra holiday after 25 years.
  
• Broomfield & Alexander – a bottle of wine after 15 years.

Is your company big-hearted or tight-fisted with long servers? E-mail [email protected]