What is a seniority award?

A seniority award is a type of award given to an individual based on their length of service or loyalty to a company or organization. It can take various forms, such as increased salary, improved benefits, additional vacation time, or recognition in the form of a certificate or plaque. Seniority awards serve as a way to acknowledge and reward employees who consistently contribute to the success of the organization and have demonstrated their commitment over a long period. They help in fostering employee loyalty, job satisfaction, and organizational culture while enhancing the sense of being appreciated and valued.