Take advantage of the tax benefits of giving awards

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Companies who implement recognition strategies throughout their organization yield higher performance, retention, and safety levels versus those using other forms of incentives.  The IRS sees the value of employee recognition and makes specific allowances for deductions. Employee recognition awards that involve money are taxable, both as income for the employee and as compensation for the employer. … Continued


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The Power of Recognition

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Despite popular belief, money isn’t the best way to recognize superior performance. In fact, research shows us that the number one reason people leave jobs is “limited recognition and praise.” Issues such as compensation were all deemed less important than recognition.


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