Experienced employees are valuable to your company for numerous reasons including onboarding new hires, cross training existing employees, and possessing invaluable industry experience. Rewarding employees based on years of service demonstrates that their time is valued and their contributions are appreciated. Let’s face it, companies couldn’t function without savvy employees who know the business inside out. The experience each employee brings to their company is worth more than money can buy, and giving thanks for their commitment and dedication is a great employee recognition strategy. With a culture of long tenured employees, newer employees will feel encouraged to stick around as well.
From the Perks WW Employee Resource Library