The aim of this policy is to mark that an employee has completed a number of years' service with the Institute and thank them for the contribution they have made during that period.
The long service awards are as follows:-
3 years’ service - a choice of a bottle of wine, red or white, or a box of chocolates
5 years’ service - £250 paid via the payroll and subject to deductions for tax and NIC, a choice of a bottle of champagne, chocolates or flowers and a lunch to mark the occasion
10 years’ service - £500 paid via the payroll and subject to deductions for tax and NIC, a choice of a bottle of champagne, chocolates, flowers or a plant and a lunch to mark the occasion
15 years’ service - £1,000 paid via the payroll and subject to deductions for tax and NIC, a choice of a bottle of champagne, chocolates, flowers or a plant and a lunch to mark the occasion
20 years’ service - £2,000 paid via the payroll and subject to deductions for tax and NIC, a choice of a bottle of champagne, chocolates, flowers or a plant and a lunch to mark the occasion
25 years’ service - £3,000 paid via the payroll and subject to deductions for tax and NIC, a choice of a bottle of champagne, chocolates, flowers or a plant, an additional one-off week paid holiday and a lunch to mark the occasion
Employees with:
- 3 years service receive a card from the CEO and a gift of their choice
- 5 years’ service receive a letter (includes pension increasing to 12.5%, two additional days leave a year), a card from the CEO, a gift of their choice and invitation to lunch
- 10 or more years’ service receive a letter from the CEO , a gift of their choice, and invitation to lunch.