This approach is characterized by high profile, organization-wide events that occur at least annually. These events are used to acknowledge achievement of employees' contributions to the agency or state government. This approach is characterized by pre-arranged, more frequently scheduled ways of acknowledging contributions and accomplishments of an individual or team. This approach is less formal and provides more frequent opportunities to recognize employees. This approach provides recognition at any time for demonstration of behaviors and values of the organization, contributions to the goals and objectives of the organization or work unit and to acknowledge individual or team accomplishments.
Some awards have tax implications as described in the sections below.
Taxing Awards Monetary awards are subject to taxes in accordance with IRS tax regulations. Non-monetary awards also may be subject to tax. Agencies shall not add monetary awards to an employee's base pay. Agencies may not increase award totals by the amount of payroll taxes normally deducted from employees' pay. Tax Implications Agencies shall be responsible for determining whether or not non-monetary awards are taxable, in accordance with IRS tax regulations.