Employee Loyalty
Employee loyalty! Not a given, but to be earned…
Trust is deserved, respect is given, and loyalty is
proven.
What is employee loyalty?
Employees who are dedicated for
the success of their business and trust that being an employee of this
corporation, is in their greatest curiosity.
Organizations incur emphasized
value on employees in terms of recruiting, training, salaries, and benefits. Key
resource of any organization is employees and thus the employee loyalty is
vital
How corporates can earn
employee loyalty
§ Transparency:
To build trust and gain employee loyalty company need to main transparency.
Should possess a clear list of what can be shared and what cannot be shared
with employees, aligning to business needs & achievements with clear
understanding.
§ Professional
Development: The company should make investment on their employees’
professional and educational development. This will help the organization to
keep them with the organization, whilst adding more value through personnel
development.
§ Employee
Recognition: If employees work hard and help to achieve business goals,
they would be very pleased with recognition and appreciation of their
commitments.
§ Timely
Recognition: It is equally important to give recognitions on a timely
manner, to yield the full benefits of same. If appreciation is done after many
months, loyalty could be damaged through disappointments.
Which one is Good, Loyalty or Trust?
These two are interconnected.
But always loyalty is gained beyond trust.
Loyalty is faithfulness or
devotion to someone or something.
Trust can be explained as
reliance truthfulness, strength, capability, etc. When trust is established, employees
depend on the actions of the employer. This is an important concept between
people. Employees trust that the employer would be loyal and truthful.
Conclusion:
Employee loyalty is important
factor of employee engagement. This shows the organization that there are
employees who love their organization and help them to maintain the standards,
to ensure employee loyalty.
Employee engagement, employee
satisfaction and commitment have significant and positive impact to
organizations.
Do you think Employee loyalty
is important to the Business?
References
Abdelnour, Z. K., 2012. Economic Warfare: Secrets
of Wealth Creation in the Age of Welfare Politics. 1st ed. New Jersey:
John Wiley & Sons, Inc..
DeFranzo, S. E., n.d.
Tips to Improve Employee Loyalty, Part 1. [Online]
Available at: https://www.snapsurveys.com/blog/tips-improve-employee-loyalty-part-1/
[Accessed 2 May 2021].
H., 2017. Difference
Between Loyalty and Trust, s.l.: https://www.differencebetween.com.
Priyadharshini, S. A.
& Sudhahar, J. C., 2019. Determinants of Employee Loyalty - A Literature
Review. International Research Journal of Engineering and Technology
(IRJET), 06(11), pp. 372-375.
As the answer for the question, YES, it should be. However, loyalty wont work if that person doesn't have a value.
ReplyDeleteLoyalty is not just a word, it should be in action. Maybe the employee should be loyal to the company, but even he/she become that one, can the company accept it for a long time.
In my view, no one is loyal, because all are like variables, not stones.
Even company tries to earn the loyalty from employees, it can be damaged because of a little scenario.
My opinion is only for few industries in the world.
Companies can try to earn it. But not with the purpose to earn their loyalty; to reward for their works. If the company can do that, the employee will work with the trust and it will automatically turn into the loyalty sometimes.
My opinion is employee loyalty is lengthy process and it need to earn through step by step. From an over night employees are not becoming loyal to the organization and they are becoming loyal through Job satisfaction, rewards, appreciations, Value additions, Trustworthiness, Job security and so on. Loyalty creates job retention with employees and it creates life tome employment but Today business environment , both employers and employees think more about themselves. Employers are under more pressure from shareholders to perform well and as a result cannot always offer job security. Despite this, organizations should continue to focus on employee loyalty and attempt to increase it, because it has a positive effect on attendance, the risk of absence and organizational citizenship behavior.
Deletein the current era millennials are not much loyal to their work as well as organizations and companies are having big challenges to earn loyal employees to their organizations.
Good article. But I don't agree with your point. Trust and Loyalty both are important aspects of a strong relationship. Loyalty is devotion, support, allegiance or faithfulness to someone or a group and trust is the reliance on strength, ability and integrity towards a person or a group. Loyalty can be a result of a long term of trust or may not have a valid cause. For an example a person can be loyal to his country as he was born in that country. So trust is not involved.Trust is the important aspect of any relationship.A relationship can't go without trust. It is the basic foundation of employee and employers relationship.Trust could be a stepping stone to loyalty. Loyalty too is an important fact to retain its employees. So these two aspects could be interrelated sometimes. So my opinion is loyalty itself alone can't be succeed trust is also need.
ReplyDeleteGood article. But I don't agree with your point. Trust and Loyalty both are important aspects of a strong relationship. Loyalty is devotion, support, allegiance or faithfulness to someone or a group and trust is the reliance on strength, ability and integrity towards a person or a group. Loyalty can be a result of a long term of trust or may not have a valid cause. For an example a person can be loyal to his country as he was born in that country. So trust is not involved.Trust is the important aspect of any relationship.A relationship can't go without trust. It is the basic foundation of employee and employers relationship.Trust could be a stepping stone to loyalty. Loyalty too is an important fact to retain its employees. So these two aspects could be interrelated sometimes. So my opinion is loyalty itself alone can't be succeed trust is also need.
ReplyDeleteEmployee loyalty makes a significant contribution to the company's productivity. They have the ability to build the value needed to place companies on the right track. The goods or services provide an account for a significant portion of the company's image. To boost this reputation without investing a lot of money, one should try cultivating employee loyalty.
ReplyDeleteYes employee loyalty is important to the organization. If you want your staff to stay working for you, then a simple way to encourage loyalty is to show them just how much they are a part of the business. If they see that they are integral to the future, then chances are that they will work even harder to make sure that you get there. Let your staff see how their contributions directly affects your success, and make it their success as well.
ReplyDeleteLoyal staff is something that all businesses should aspire to, so if you want to make sure that you have employees that are dedicated to your business, then you are going to need to show them the ways that you can inspire these feelings of loyalty.
Employee loyalty can be defined as employees who are devoted to the success of their organization and believe that being an employee of this organization is in their best interest. Not only do they plan to remain with the organization, but they do not actively seek for alternative employment opportunities.
ReplyDeleteEmployee loyalty is one of the most desirable traits in the workforce. It shows genuine love and support for the organization and also helps reduce attrition. The sense of reliability that a company can count on its employees to support them goes a long way in achieving success.
ReplyDeleteLoyalty in these tough times creates the much-needed assurance that helps one to survive. Exceptionally where businesses are now more unsafe than ever. They need not only qualified employees but also loyal individuals as well.
ReplyDelete