The benefits to your employees include:
- Recognition for hard work and dedication
- An enjoyable work place environment
- Rewards for longevity
How the Milestones™ Program Works
1) A database of all Company employees, their employment start date, social security number, employee ID#, if not already created, is built to drive the trigger mechanism for the Milestones™ program.
2) You, the Company, determine at what levels of longevity rewards will be issued to employees. For example, 5-year increments (5, 10, 15, 20, 25, 30, 35, etc.). However, we also recommend a small reward at the 1st Anniversary. The recognition award at the first anniversary will deliver a message to your employees that you care that they are a part of your TEAM. It will also serve as the motivation to reach the next level of longevity recognition.
3) At the employee anniversary date a letter from your Company President (Chairman, CEO, etc.) to the employee will be automatically generated to recognize their accomplishment and to let them know their reward options. A sample of a letter is included within this document.
4) Employees will then select the award option of their choice from the value level they have achieved. Award options should never be “cash” as cash is considered compensation and not recognition.
Besides, Companies can award employees up to a $400.00 in non-cash recognition awards tax-free.
It becomes an issue of tangible v. intangible. Awards like merchandise, travel, entertainment and some gift cards qualify. Gift cards for gasoline, groceries, phone bills, etc. do not qualify. Additionally, because of their patented filter, American Express Persona and Persona Select cards qualify for tax exemption. Only American Express can provide a card that limits usage to 180 retail partners (50,000 locations) that meet tax requirements. Neither VISA nor MasterCard solutions can provide this capability. |
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