This is generally broken down by a cost per year of service. On average, companies spend about $20 per year of service. Thus, a 10-year service award gift should be around $200. After 1-year of service, service award budgets average $10 to $15. As you approach the 25-year mark, service award program budgets tend to skew higher often reaching more than $25 per year of service as you approach the 35-year mark.