HRSINGAPORE Community Discussions Allowances for Long Service Award - Update 1 (Replies) QUESTION Hi Fellow HR Practitioners, May I know Company practices for long service award? My Company give the following allowances: - 5 years: $1,000 Is the above below market rate? Look forward to your kind advise. Thank you. Kathy
REPLY 1 We are in Finance Industry. Our long service award as follows:
REPLY 2 There’s no market rating for these. In the Army, I just got an orange tag for my uniform and a cert. Dksw
REPLY 3 Our company gives: 5 yrs - $500 Cass
REPLY 4 Your current Company Long Services Awards is very premium, and Company had a good budget for it, why not? Below is the example long services awards that you may want to refer and I believe is reasonable to both employer and employee. Shirley
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