Help Identifying Motown Item.....

[DWSheffer]

Hello All,
I was wondering if anyone might recognize the gold item in the below photo. I purchased it last Sunday at the Ann Arbor Record Show. I bought it as a Motown item, but I was thrown off a bit by the dot above the Motown M. It's approximately 3/4" wide by 1 1/8" tall. I feel it's a pendant, but I also thought it could have been on a key chain, but would've been a bit small for that. I feel it could have been given to employees for years of service possibly. Any help dating the piece or identifying it would be welcome.
Thank you,
Darin