HRSINGAPORE Community Discussions
Allowances for Long Service Award - Update 1 (Replies)
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.
We are in Finance Industry. Our long service award as follows:
There’s no market rating for these. In the Army, I just got an orange tag for my uniform and a cert.
Our company gives:
5 yrs - $500
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.
HR Communication Workshop
- 5 December 2018
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