Employee turnover rates remain high across the world. You have to use a variety of techniques to increase employee retention rates. Taking care of your employees is beneficial for both of you.
Recognize their contributions and reward them appropriately. Work anniversary gifts are an excellent idea for this purpose. Show your appreciation for the employees who have stayed with you for a long.
Reward them with a valuable gift on their work anniversary. Read this article to learn how to recognize their loyalty and hard work so they deliver better performance in the coming years.
The Importance of Employee Anniversary Gifts
Work anniversary gifting has been in vogue for many decades. It has proven its effectiveness in boosting employee satisfaction rates. They feel rewarded and appreciated for their hard work when they receive this gift. It leads to improved employee satisfaction across the whole organization.
Other employees can see how you value their long-term association with you. When an employee has rewarded a gift on a work anniversary in front of other employees, it boosts that person’s morale. Everyone takes note of the worth of that employee. Happy and satisfied employees stay longer with an organization and deliver higher productivity.
Why Give the Gift?
Employees are not robots. They have sentiments and work not only for money but also for a cause or goal. They want to improve their career prospects by working hard and delivering better performance.
They expect appreciation for their hard work not after they have left the company but also when they are working for it. An amazing gift given in front of other employees on the work anniversary of an employee is an excellent idea. It improves the bond between the organization and employees.
Many surveys show a large number of employees leave their company on their work anniversary. You can reduce employee attrition rates by using many solutions. Giving a gift on the work anniversary is one such solution. It is not the only thing you have to do for employee retention. Use other solutions as well to retain employees with your organization for a longer duration.
An Important Gift
An anniversary gift is not a usual small gift that you give to all employees. Here you select a carefully thought gift that shows how much you appreciate the employee’s contribution to your company. Choose a valuable gift for work anniversary completion. Show how much you care for your employees by presenting this gift. Make them feel special. It will benefit both you and the gift-receiving employees.
Selecting an Item for a Gift
Choose the gift product carefully after evaluating the employee’s position in the organization. Take into account what types of products you have gifted to other employees working in similar positions. An important factor is a time an employee has spent working at your company. Those staying longer and completing more years deserve more valuable perks.
Visit the employee anniversary gift selection section at the custom gift supplier’s website. Here you will find all types of bestselling products suitable for gifting to employees. Choose the product based on your criteria.
You can sort and filter the list to select the required product quickly. Some online gift suppliers can customize the gift. They can print your brand name and logo on the product. The gift pack will also have these graphics and details.
5-Year Employee Service Gift
This award recognizes employees who have yet to become familiar with the organization. The duration of their employment shows they are satisfied with the working experience and most likely want to continue working at the same company. The 5th anniversary gift for him or her is usually the company’s first milestone. You can choose a product or a trophy-style award. You can give both items so the product can be used while the award can be displayed at home for all the visitors to see.
The trophy gives an employee something to talk about with their visitors. They can proudly show and claim how their association with the company was acknowledged. You can choose one or multiple products, or a set that includes a few items from the same category. Check these options at the custom gift supplier’s website.
Award Gifts for 10-Year Service
This is an important event for an employee. The association with the company for so long shows the employee is satisfied with what the company has been offering. It has allowed the employee to move up in life and career.
It is time for the business owner to appreciate a decade of service provided by the employee. Over the years, the employee must have worked in different roles. The position held by the employee does not matter. It is an association with your company that matters most. You can choose a personalized gift that will be memorable for the recipient.
On this work anniversary, you do not have to limit the gift to a product. You can give other benefits in the form of a gift. For example, you can present tickets to the entire season of a sporting event.
Make sure to give more than one ticket so the employee can also take close family members to the event. The gift can be a membership or subscription to a facility like a fitness center, museum, or club. It can be a luxury item for personal or home use.
Things to Keep in Mind When Presenting Work Anniversary Gifts
Follow the best practices when it comes to presenting work anniversary gifts. It is necessary to keep track of data related to your employees. You should know when they have completed a milestone. You can use tools like software programs that will alert you when an employee completes a work anniversary.
An employee will feel happier if you present something based on the person’s personal interests. People have different interests and favorites. The gift you select should not go against the age, health, and personality of the recipient. When gifting for longer years of association, go beyond the general gift items and choose something better and more expensive. Keep the gifting fair for everyone.
You cannot give a higher value item to one employee and lower value items to others when they are from the same position. Give work anniversary gifts to all employees when they complete their work anniversary. Employees staying longer deserve better recognition for their association with you.
Take into account all these factors when choosing the gift and planning work anniversary gifting at your organization.
