Dec 29, 2014
The top 7 myths: Uncovering the truth about service award programs.
All service anniversary award providers are the same.
Reality: All providers are not created equally. Each company is different in both subtle and significant ways.
It’s important to provide gold and diamonds as gifts.
Reality: People do associate value with precious metals and stones but these materials represent a great deal of pricing volatility. Gold was stable in the 80’s and 90’s at around $350 per ounce but in 2006 it skyrocketed to a high of almost $1,800 per ounce, which resulted in monthly price hikes on anything with gold content. Rather than base your program on awards that are likely to fluctuate in price, design your program with a selection of awards that reflect your audience demographics, corporate culture and budget and will protect you from regular price changes.
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