Dear all,
Can anybody please share with me if you have any policy to give gifts to employees who have completed 10 years, 15 years, or 20+ years in the company? If you have one, could you please share it with me?
Thanks and regards,
Rekha
From India, Delhi
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14Can anybody please share with me if you have any policy to give gifts to employees who have completed 10 years, 15 years, or 20+ years in the company? If you have one, could you please share it with me?
Thanks and regards,
Rekha
From India, Delhi
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Dear Dezar Rekha,
It was a pleasant surprise to see such a post in the current corporate scenario. Yes, we have and also have worked for companies that have such policies. The things which are presented are:
1) Watches with company logo engraved.
2) Gold coins with company logo.
3) Other items like silver idols of gods and other decorative silver items.
Among the above, the watches are most common. For example:
1) For 10+ years, you may give SONATA.
2) For 15+ years, you may give Titan.
3) For 20+ years, you may give Titan Raga.
And similarly, you can increase the price of the watch with years. You can also give silver items, followed by Titan watches, and ending with gold coins. This must be accompanied by a felicitation ceremony along with an appreciation certificate.
Regards,
SC
From India, Thane
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It was a pleasant surprise to see such a post in the current corporate scenario. Yes, we have and also have worked for companies that have such policies. The things which are presented are:
1) Watches with company logo engraved.
2) Gold coins with company logo.
3) Other items like silver idols of gods and other decorative silver items.
Among the above, the watches are most common. For example:
1) For 10+ years, you may give SONATA.
2) For 15+ years, you may give Titan.
3) For 20+ years, you may give Titan Raga.
And similarly, you can increase the price of the watch with years. You can also give silver items, followed by Titan watches, and ending with gold coins. This must be accompanied by a felicitation ceremony along with an appreciation certificate.
Regards,
SC
From India, Thane
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Dear SC,
Thank you very much for your prompt response. I will definitely discuss this with my management. I would also like to request other HR friends to share their suggestions and experiences related to this matter with me.
Thanks & regards,
Rekha
From India, Delhi
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Thank you very much for your prompt response. I will definitely discuss this with my management. I would also like to request other HR friends to share their suggestions and experiences related to this matter with me.
Thanks & regards,
Rekha
From India, Delhi
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Hi Rekha,
Yes, I have also been in companies that have this policy. In one of the companies, gifts were being distributed to those who completed 5, 10, or 15 years with the organization. The gifts included music systems, watches, kitchenware, and yearly, three-yearly, and 5-year magazine subscriptions.
In another company, employees' names used to appear in the corporate magazine. This magazine was common for all branches, including international offices.
Regards
From India, Chandigarh
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Yes, I have also been in companies that have this policy. In one of the companies, gifts were being distributed to those who completed 5, 10, or 15 years with the organization. The gifts included music systems, watches, kitchenware, and yearly, three-yearly, and 5-year magazine subscriptions.
In another company, employees' names used to appear in the corporate magazine. This magazine was common for all branches, including international offices.
Regards
From India, Chandigarh
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Hi Rekha,
Recently, we completed 20 years of our operations and celebrated the occasion with a 2-day event. During the event, we recognized and felicitated our team members for their outstanding work. Among them was an award called "Legend of United," which included a small trophy and certificate to honor individuals with over 10 years of service. We highlighted team members with 10, 14, and 15 years of service, explaining their contributions and acknowledging their efforts.
One of them received the highest honor, "Fellow of United," for their exceptional contribution in their respective functional area. This recognition took place with the All India team present at the function, and images were circulated afterwards.
Hope this idea helps.
Regards,
Yogesh Pahuja
From India, Ahmadabad
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Recently, we completed 20 years of our operations and celebrated the occasion with a 2-day event. During the event, we recognized and felicitated our team members for their outstanding work. Among them was an award called "Legend of United," which included a small trophy and certificate to honor individuals with over 10 years of service. We highlighted team members with 10, 14, and 15 years of service, explaining their contributions and acknowledging their efforts.
One of them received the highest honor, "Fellow of United," for their exceptional contribution in their respective functional area. This recognition took place with the All India team present at the function, and images were circulated afterwards.
Hope this idea helps.
Regards,
Yogesh Pahuja
From India, Ahmadabad
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Dear Rekha,
The usual gifts would be giving watches, pens, coins with Co logo, etc., as mementos. But I personally feel that people who have served so long in any organization could be given a paid vacation, maybe to places like South Asian countries, as going abroad these days is almost the same as a holiday in India.
I personally feel that such initiatives would build a better work culture, and employees would stay with a particular organization for longer!
Cheers,
Rueben
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The usual gifts would be giving watches, pens, coins with Co logo, etc., as mementos. But I personally feel that people who have served so long in any organization could be given a paid vacation, maybe to places like South Asian countries, as going abroad these days is almost the same as a holiday in India.
I personally feel that such initiatives would build a better work culture, and employees would stay with a particular organization for longer!
Cheers,
Rueben
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Dear Yogesh & Rueben,
Thank you for your valuable guidance and for sharing your experiences with me. I truly appreciate the time and effort you have put into responding to my post. I will consolidate the information and create a draft policy, which I will then discuss with my CGM.
Thanks again,
Rekha
From India, Delhi
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Thank you for your valuable guidance and for sharing your experiences with me. I truly appreciate the time and effort you have put into responding to my post. I will consolidate the information and create a draft policy, which I will then discuss with my CGM.
Thanks again,
Rekha
From India, Delhi
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Hi,
We give a scroll of honor and a cash gift to our employees. After going through the various suggestions, I feel that the company's policy should be designed to cover employees at various stages depending on the industry to which they belong.
In the case of IT or BPO companies, a reward should be given on completion of 3 years, 5 years, 8 years, and 10 years. For the Manufacturing Industry, where retention is high, the starting year may be 5, then progressing to 10, 15, and 20 years.
The value of gifts or cash awards should increase with the years of service and should be a decent amount from 10 years onwards. These should be presented to the employees at the workplace in the presence of their department or location colleagues to motivate others as well. The presentation should be done with respect for the recipient.
The items should be personalized for the employee or their family and incorporating the company logo would be a nice touch.
Thanks,
Pankaj
From India, New Delhi
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We give a scroll of honor and a cash gift to our employees. After going through the various suggestions, I feel that the company's policy should be designed to cover employees at various stages depending on the industry to which they belong.
In the case of IT or BPO companies, a reward should be given on completion of 3 years, 5 years, 8 years, and 10 years. For the Manufacturing Industry, where retention is high, the starting year may be 5, then progressing to 10, 15, and 20 years.
The value of gifts or cash awards should increase with the years of service and should be a decent amount from 10 years onwards. These should be presented to the employees at the workplace in the presence of their department or location colleagues to motivate others as well. The presentation should be done with respect for the recipient.
The items should be personalized for the employee or their family and incorporating the company logo would be a nice touch.
Thanks,
Pankaj
From India, New Delhi
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Hi,
In our company, we also have a policy of awarding our employees for a minimum of 5 years of service. The gifts generally include:
1) Crystal vase
2) Leather bags
3) Esprit watches
All these gifts come with the company logo. Employees are given the option to select one.
Regards,
Niketa
From United States, Holland
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In our company, we also have a policy of awarding our employees for a minimum of 5 years of service. The gifts generally include:
1) Crystal vase
2) Leather bags
3) Esprit watches
All these gifts come with the company logo. Employees are given the option to select one.
Regards,
Niketa
From United States, Holland
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Wonderful replies... simple additions... my ideas:
If in industries where retention is high,
15 years - Watches / ESOP,
25 years - Silver (utensils/anything) / Paid vacation trip / ESOP,
35 years - Gold (utensils/anything) / Paid vacation trip / ESOP.
If in industries where retention is moderate,
10 years - Watches / ESOP,
15 years - Silver (utensils/anything) / Paid vacation trip / ESOP,
20 years - Gold (utensils/anything) / Paid vacation trip / ESOP.
If in industries where retention is low/very low,
2 years - Watches / ESOP,
5 years - Silver (utensils/anything) / Paid vacation trip / ESOP,
8 years - Gold (utensils/anything) / Paid vacation trip / ESOP.
These depend on many factors, following are some:
- Culture of the company
- Nature of the industry
- Budget/Financial position of the company
- Future of the business
- Future plans of the company
- Competitors' strength
- Quality of people retaining back
Well, one of the ideas posted about a paid vacation trip is simply superb. Kudos to such thinking. Keep it up, my friend.
Ankit Banerjee
From India, New Delhi
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If in industries where retention is high,
15 years - Watches / ESOP,
25 years - Silver (utensils/anything) / Paid vacation trip / ESOP,
35 years - Gold (utensils/anything) / Paid vacation trip / ESOP.
If in industries where retention is moderate,
10 years - Watches / ESOP,
15 years - Silver (utensils/anything) / Paid vacation trip / ESOP,
20 years - Gold (utensils/anything) / Paid vacation trip / ESOP.
If in industries where retention is low/very low,
2 years - Watches / ESOP,
5 years - Silver (utensils/anything) / Paid vacation trip / ESOP,
8 years - Gold (utensils/anything) / Paid vacation trip / ESOP.
These depend on many factors, following are some:
- Culture of the company
- Nature of the industry
- Budget/Financial position of the company
- Future of the business
- Future plans of the company
- Competitors' strength
- Quality of people retaining back
Well, one of the ideas posted about a paid vacation trip is simply superb. Kudos to such thinking. Keep it up, my friend.
Ankit Banerjee
From India, New Delhi
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