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21 July, 07:46

When a company rewards their employees for years of service, this is known as

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  1. 21 July, 08:13
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    celebratory rites and rituals.

    Explanation:

    In business, celebratory rites and rituals refers to a certain action that the company do in order to celebrate a form of milestone that being achieved by the members of the company.

    The milestones could be anything. But Years of services, number of sales, days without absent are considered as common milestones.

    The rewards given in celebratory rites and rituals tend to provide the members of the company with special perks. For example, they most likely given higher salary, more days for vacation, special parking spot, etc.
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