This is an era of relatively brief employee tenure. Millennial workers currently make up the majority of the workforce and only spend 2.3 years on average with their current employer. Contrast this with the fact that 85% of companies report having a length of service program. That means that most companies are recognizing tenure but it’s not achieving the desired effect of successful employee appreciation and retention.
At this point, you may be asking yourself: how should I think about anniversary awards as part of my employee recognition strategy, and how can it help reverse those trends in tenure? Also, how can I create a meaningful anniversary awards program that speaks across my diverse culture at scale? Gallup recently found that 65% of people had not received recognition at work in the past year. So where is the disconnect between programs and people? In order for your anniversary program to successfully show employees they are valued and celebrated you need recognition that hits the mark on being intentional, personal and memorable.
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