The U.S. Bureau of Labor Statistics stated that over 4 million employees quit their jobs in July 2021. Since then, resignations continue to increase.
Among the reasons why employees quit their jobs are poor compensation, disengagement in the work, and no opportunities for professional growth. Other reasons include bad managers and a lack of employer loyalty.
Therefore, as a manager or business leader, building company loyalty must be one of your top priorities. This is especially important as The Great Resignation continues.
Company loyalty means your employees go above and beyond to benefit your organization. They continuously improve their performance and productivity to add more value to your company.
Loyal employees often refer their connections to your organization. This increases your employee attraction and retention rates.
Employees who are loyal to your company feel that you value and respect their contributions and results. These employees remain long-term because your organization prioritizes their best interests.
Begin implementing these three tips to build company loyalty today.
1. Create a Positive Work Environment
Maintain a safe, supportive work environment. Prioritize mutual trust and respect among employees and managers.
Going to work in an uplifting environment motivates employees to work long-term for your organization. This promotes company loyalty.
For instance, prioritize onboarding and training so that new hires feel a sense of welcome and belonging within your organization. Also, create a comfortable workspace with ergonomic chairs and desks. Additionally, promote open communication through open-door policies with managers, anonymous communication channels for employees at all levels, and open meetings for employees to ask questions and voice concerns.
2. Act on Employee Feedback
Ask employees to provide constructive feedback to improve your organization. Have employees clarify what your company does well, what it can do better, and specific steps for improvement.
Share your thought processes about why certain ideas would or would not be feasible. Also, let employees develop and implement the ideas that you feel would provide the most value for your organization.
Implementing employee ideas helps employees feel safe and comfortable with providing feedback. It also builds trust and company loyalty among your workforce.
3. Provide Employee Recognition
Regularly acknowledge employees’ achievements. Include what the goal was, how it was attained, and how the results benefitted your organization. Provide a bonus, pay increase, or promotion when appropriate.
For instance, you might privately give an employee a handwritten thank-you note expressing gratitude for finishing a project early. Or, you could publicly share during a team meeting how several employees handled the duties of another employee who was on vacation.
Recognizing employees for their dedication builds company loyalty. It shows you appreciate their hard work and value their performance. Providing rewards encourages employees to increase their efforts to improve your organization.
Are You Looking for Loyal Employees?
Morris Bixby Group can match you with candidates looking for long-term opportunities in agricultural roles. Find out more today.