When we think of long service awards, we traditionally think of the employees who stay loyal to their employer for 10, 20 or maybe 30+ years.
But the landscape is changing. According to one global recruiter1, UK employees will stay with one employer an average of just four and a half years. It’s a clear-cut indication that the temptation of being rewarded for longevity isn’t worth the wait. Whilst it’s important to have rewards in place for the ones that do provide years of service, the time is now to drop the ‘long’ and readjust your rewards strategy to simply include ‘service awards’.