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Making Service Anniversary Awards Relevant for All Generations

  • Madison
  • Feb 5, 2021
  • 1 min read

October 31, 2014 | By Mike Ryan


How prevalent are service anniversary award programs? According to WorldatWork, nine out of every 10 companies that have a formal employee recognition structure in place feature one within their portfolio.


There is a reason for that. Service anniversary awards do a good job of celebrating the dedication and loyalty an employee has exhibited over time. Still, in a labor market that’s becoming younger and increasingly mobile, is the one-dimensional nature of the traditional service anniversary award—one that offers simple symbolic and/or emblematic rewards and not broader, lifestyle-based choices, and does so only in five-year intervals—the best way to retain talent?


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ABOUT THE COMPANY

​Nearly five decades ago, our founder, Werner Haase, started Madison in 1975. Beginning as an incentive company, Madison had the first internet-based sales contest in 1995, followed a few years later by the first consolidated recognition web portal application.

 

Madison has evolved through consistent organic growth from a starter incentive company in the 1970s to a leading global social employee recognition and incentive company.  

Madison is a proud Employee Stock Ownership Plan (ESOP) company. Through our ESOP, employees earn shares in the company over time, creating an added retirement benefit that grows alongside Madison’s success. With ownership comes a deeper commitment in the work we do and the clients we serve.

 

Partnering with an ESOP company means working with people who truly care—because when we succeed, we all share in the rewards.

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New York, NY 10017

212-758-4385

info@madisonpg.com

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