Dear all,
We are planning to introduce long service awards in our organisation. Please share your views as per the practice in your organisation. I would like to know, what awards apart from certificates will help and create value for the following milestones:
- 5 years
- 10 years
- 15 years
- 20 years
Kindly let me know if you have a practice that really creates a sense of value.
Thanks,
Ritesh
From India, Mumbai
Acknowledge(0)
Amend(0)
We are planning to introduce long service awards in our organisation. Please share your views as per the practice in your organisation. I would like to know, what awards apart from certificates will help and create value for the following milestones:
- 5 years
- 10 years
- 15 years
- 20 years
Kindly let me know if you have a practice that really creates a sense of value.
Thanks,
Ritesh
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Sender,
Depending on the size of the organization, you can set the long service award as follows (as decided by your management):
- 5 years - Rs. 1000 worth gift
- 10 years - Rs. 2000 worth gift
- 15 years - Rs. 3000 worth gift
- 20 years - Rs. 5000/- worth gift
Regards,
L. Kumar
From India, Madras
Acknowledge(0)Amend(0)
8Depending on the size of the organization, you can set the long service award as follows (as decided by your management):
- 5 years - Rs. 1000 worth gift
- 10 years - Rs. 2000 worth gift
- 15 years - Rs. 3000 worth gift
- 20 years - Rs. 5000/- worth gift
Regards,
L. Kumar
From India, Madras
Acknowledge(0)Amend(0)
Thank you, Kumar.
Monetary benefits are definitely a good thing to offer. I have heard of companies providing cash vouchers based on the number of years completed with the company.
Guys,
Please assist me regarding the amount slabs followed by today's best-practiced companies.
Regards,
Ritesh
From India, Mumbai
Acknowledge(0)Amend(0)
Monetary benefits are definitely a good thing to offer. I have heard of companies providing cash vouchers based on the number of years completed with the company.
Guys,
Please assist me regarding the amount slabs followed by today's best-practiced companies.
Regards,
Ritesh
From India, Mumbai
Acknowledge(0)Amend(0)
As far as the long service award is concerned, all employees are to be treated equally regardless of the position held. Personally, I believe that an employee who has completed 20 years of service should be awarded the long service award. Employees should be rewarded with a token gift like a silver Thali, bowl, or glass costing not more than Rs. 2000.00, depending on the financial condition of the company. Additionally, issue a certificate of appreciation for their long tenure with the company.
This is my personal opinion.
Thanks,
Janardan Bhatt.
From India, Ahmadabad
Acknowledge(0)Amend(0)
This is my personal opinion.
Thanks,
Janardan Bhatt.
From India, Ahmadabad
Acknowledge(0)Amend(0)
Hi Ritesh,
A CERTIFICATE FROM CEO/MD
MOMENTO - SILVER THALI OF DIFFERENT TYPES AS PER YEARS OF SERVICE.
COMPANY'S SHARE - IT WILL MAKE SENSE OF OWNERSHIP. IF SHARES ARE NOT POSSIBLE, THEN GIFT VOUCHER/TRAVEL VOUCHER.
LONG SERVICE ALLOWANCE.
HAND OVER THE AWARD BY CEO/MD IN A GATHERING - LIKE ANNUAL DAY.
IT'S MY PERSONAL OPINION.
DEBANGSHU
Acknowledge(0)Amend(0)
A CERTIFICATE FROM CEO/MD
MOMENTO - SILVER THALI OF DIFFERENT TYPES AS PER YEARS OF SERVICE.
COMPANY'S SHARE - IT WILL MAKE SENSE OF OWNERSHIP. IF SHARES ARE NOT POSSIBLE, THEN GIFT VOUCHER/TRAVEL VOUCHER.
LONG SERVICE ALLOWANCE.
HAND OVER THE AWARD BY CEO/MD IN A GATHERING - LIKE ANNUAL DAY.
IT'S MY PERSONAL OPINION.
DEBANGSHU
Acknowledge(0)Amend(0)
In our organization, this policy is also in place. It is implemented as follows:
For employees who have completed 5 years:
A gold-plated tie pin with the company logo.
For employees who have completed 10 years:
The same tie pin plus 1 month Basic + DA.
For employees who have completed 15 years:
The same tie pin plus 1.5 months Basic + DA.
For employees who have completed 20 years:
The same tie pin plus 2 months Basic + DA.
From India, Delhi
Acknowledge(0)Amend(0)
For employees who have completed 5 years:
A gold-plated tie pin with the company logo.
For employees who have completed 10 years:
The same tie pin plus 1 month Basic + DA.
For employees who have completed 15 years:
The same tie pin plus 1.5 months Basic + DA.
For employees who have completed 20 years:
The same tie pin plus 2 months Basic + DA.
From India, Delhi
Acknowledge(0)Amend(0)
Hi,
I have seen that gifts have better value than an amount. I agree with Mr. Kumar on the years, but the amount seems too low.
1. 5 years:
I have seen many organizations follow a nice watch worth Rs. 1500 to 2000. You can look at a pair watch.
2. 10 years:
Rs. 5000 worth of Silver items (The problem with silver and gold is that the price fluctuation will make it difficult to maintain uniformity).
3. 15 years:
10000 rupees worth of consumer durables like a small fridge, furniture, etc.
4. 20 years:
Rs. 20000 worth gift package, mostly consumer durables.
5. 25 years:
Rs. 30000 worth of consumer durables.
If you see, a person who has served for 25 years would have received gifts worth Rs. 67000, over a period of 25 years, an average of Rs. 2500 per year of service. This must be uniform.
Siva
From India, Chennai
Acknowledge(0)Amend(0)
I have seen that gifts have better value than an amount. I agree with Mr. Kumar on the years, but the amount seems too low.
1. 5 years:
I have seen many organizations follow a nice watch worth Rs. 1500 to 2000. You can look at a pair watch.
2. 10 years:
Rs. 5000 worth of Silver items (The problem with silver and gold is that the price fluctuation will make it difficult to maintain uniformity).
3. 15 years:
10000 rupees worth of consumer durables like a small fridge, furniture, etc.
4. 20 years:
Rs. 20000 worth gift package, mostly consumer durables.
5. 25 years:
Rs. 30000 worth of consumer durables.
If you see, a person who has served for 25 years would have received gifts worth Rs. 67000, over a period of 25 years, an average of Rs. 2500 per year of service. This must be uniform.
Siva
From India, Chennai
Acknowledge(0)Amend(0)
Oh I forgot to mention that we give a certificate fo appreciation signed by the CEO and HR Head along with these.
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Hi,
The certificate signed by the CEO is acceptable. However, why is the HR signature required?
I have come across situations where HR Heads, who have only been with the company for one year, were signing for employees with 25 years of service. Many employees did not appreciate this.
When the certificate is signed by the CEO, even if they are new, it is perceived with more credibility.
Siva
From India, Chennai
Acknowledge(0)Amend(0)
The certificate signed by the CEO is acceptable. However, why is the HR signature required?
I have come across situations where HR Heads, who have only been with the company for one year, were signing for employees with 25 years of service. Many employees did not appreciate this.
When the certificate is signed by the CEO, even if they are new, it is perceived with more credibility.
Siva
From India, Chennai
Acknowledge(0)Amend(0)
Long service reward is given to employees for their long association with the company. In some organizations, it is given twice: once upon completion of 15 years of service and then again at 30 years of service. The reward is emotionally attached and given in memory. As such, it is called a memento and not a momento. Since it is emotionally related, generally, it is given in the form of items that can last long so that the employee can remember their colleagues and the organization for a long time.
I do not have words to define it, but I would like to give an example. Suppose you are going to give a presentation to your very dear friend. How would you like to pay: in cash or in kind? So, the long service award, whether paid once or twice, should be in kind. What I mean to say is that the award is not related to financial value but rather to human value.
From India, Calcutta
Acknowledge(0)Amend(0)
I do not have words to define it, but I would like to give an example. Suppose you are going to give a presentation to your very dear friend. How would you like to pay: in cash or in kind? So, the long service award, whether paid once or twice, should be in kind. What I mean to say is that the award is not related to financial value but rather to human value.
From India, Calcutta
Acknowledge(0)Amend(0)
Dear Siva, You are right. We can do away with that. I only had given the example of our organisation. Regards.
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear Mr. Singh,
I appreciate your comments on long service awards for 15 years and 30 years. However, looking at the current market scenario where employees keep hopping from one company to another, hardly anybody sticks to a company for so long. Therefore, we are planning to introduce such awards for completing 3 years as well. In our company policy, 5 years and 10 years Long Service Awards (LSA) are already in place.
I would appreciate your views on the same.
Thanks and regards,
Jenny
Acknowledge(0)Amend(0)
I appreciate your comments on long service awards for 15 years and 30 years. However, looking at the current market scenario where employees keep hopping from one company to another, hardly anybody sticks to a company for so long. Therefore, we are planning to introduce such awards for completing 3 years as well. In our company policy, 5 years and 10 years Long Service Awards (LSA) are already in place.
I would appreciate your views on the same.
Thanks and regards,
Jenny
Acknowledge(0)Amend(0)
Hi Jenny,
Escorts, way back in 1975, introduced service awards. They used to call it Service awards, not Long Service awards. Starting from 5, 10, 15, 25, and 30.
Three years is too short. In today's context, instead of starting at a three-year award, consider a holiday award with family at the end of 5 years. It may be a little expensive, but it binds the family into this.
Siva
From India, Chennai
Acknowledge(0)Amend(0)
Escorts, way back in 1975, introduced service awards. They used to call it Service awards, not Long Service awards. Starting from 5, 10, 15, 25, and 30.
Three years is too short. In today's context, instead of starting at a three-year award, consider a holiday award with family at the end of 5 years. It may be a little expensive, but it binds the family into this.
Siva
From India, Chennai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Death while in service letter for pf death claim.docx
The Maharashtra Shops And Establishments (Regulation Of Employment And Conditions Of Service) Ac.pdf