UK Recruitment Glossary
Long-Service Award
In recruiter context
Common UK milestones: 5 years (often £100-£500 voucher), 10 years (£500-£1,500), 25 years (more substantial — £1,000-£3,000 plus extra leave). Some long-service awards are tax-free if structured correctly under HMRC rules: must be after 20+ years' service, value under £50 per year of service, gift not cash. Cash awards are always taxable as income. Worth asking about when evaluating offers at companies with long-tenured workforces — public sector, large financial services, established UK retailers all have structured schemes. Less common at growth-stage tech companies due to short median tenure.
Related terms
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Exit Interview
A meeting with HR or your manager during your notice period to discuss why you're leaving.
Equity / Share Options
An ownership stake in your employer, granted as options or shares that vest over time.
Statutory Sick Pay
The legal minimum your UK employer must pay you when you're too ill to work — currently £116.75/week…