There are many misconceptions about service anniversary programs and the companies who provide them. We’re here to set the record straight and offer some insight into how you can get the most from your current provider – or perhaps these myths sound all too familiar and you should b1e taking your program elsewhere.
2. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
There are many
misconceptions
about
service anniversaryprograms
and the companies
who provide them.
3. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
To set the record straight,
here is some insight
on how
you can get themost
from your current
length of service program.
4. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
Or perhaps these myths sound
all too familiar and you should be
taking your program elsewhere.
To set the record straight,
here is some insight
on how
you can get themost
from your current
length of service program.
5. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
All
service anniversary award providers
are the same.
myth#1
6. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
All
service anniversary award providers
are the same.
myth#1
Reality: All providers are not created equally.
Each company is different in both
subtle and significant ways.
7. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
It’s important to provide
gold and diamonds
as gifts.
myth#2
8. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
It’s important to provide
gold and diamonds
as gifts.
myth#2
Reality: Rather than base your program
on awards that are likely to fluctuate in price
like gold or diamonds, design your program with
awards that reflect your audience
demographics, corporate culture and
budget that will protect you from pricing changes.
9. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
Everyone
loves our program.
myth#3
10. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
Everyone
loves our program.
myth#3
Reality: Don’t think that your program
is best-in-class every year.
Is your provider bringing new ideas, sharing
the latest trends and updating their technology?
11. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
All of our managers
embrace their roles in the
service award recognition process.
myth#4
12. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
All of our managers
embrace their roles in the
service award recognition process.
Reality: Most of your managers are engaged
but ALL need continuous support.
Have a manager engagement plan with training,
assistance and resources to make their roles
amplify the experience for your audience.
myth#4
13. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
It’s OK
to use gift cards in
service anniversary programs.
myth#5
14. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
It’s OK
to use gift cards in
service anniversary programs.
Reality: IRS rules forbid the use of gift cards
in service anniversary programs
and using denomination based gifts will be
subject to income taxes by the participant.
myth#5
15. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
The more gifts you offer,
THE BETTER.
myth#6
16. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
The more gifts you offer,
THE BETTER.
Reality: People are overwhelmedby too
many choices.The behavioral economics principle
tyranny of choice
explains our inability to process a decision
when confronted with too many options.
myth#6
17. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
Transitioning
from one provider to another
is risky.
myth#7
18. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
Transitioning
from one provider to another
is risky.
Reality: A responsible provider
will have a detailed process to make
the transition from one to another
easy and risk free.
myth#7
20. Australia | Canada | China | India | LATAM | UK | US | BIWORLDWIDE.com
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