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And the Prize Is . . .

Different types of awards given to recognize achievement and the percentage of companies using a particular award.

By Inc. staff | 
 

AUGUST 1988

Nearly all companies responding to a Bureau of National Affairs Inc. survey use prizes to reward performance or achievements ranging from service milestones to productivity. Among the companies that have an award program, here is the breakdown.

Type of % of
award given companies
to recognize giving
achievement awards
Cash bonus 58%
Letter of recognition 38
Plaque or trophy 37
Vacation or cruise 11
Savings bond 10
Watch, pin, or jewelry 8
Choice of gift items 5
Paid leave 1

Source: The Bureau of National Affairs Inc., Personnel Policies Forum survey, 1987

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