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Cracking The ‘Employee Loyalty’ Code
The Key to a Thriving Business
“
Loyal employees in any
company create loyal
customers, who in turn create
happy shareholders.
Richard Branson
When employees are committed to
your organisation, they’re more likely
to do their jobs well and remain with
the company for the long-term —
which makes them extremely valuable
to your organisation’s success.
Click here to read: Preparing for the Future: Succession Planning Guide in Times of Change
Employee loyalty and retention go
hand in hand.
As a leader, your relationship with
your employees or teams is meant
to be mutually beneficial.
However, according to Harvard
Business Review, the balance
between the two is weakening.
Although measuring employee loyalty can be tricky,
it's easy to identify its impact on your business.
It’s also important to know how much loyalty you
have from your employees to enable you take
necessary steps to prevent a decline.
Low employee loyalty can affect your business
growth and impact your people who are working
hard to drive business success.
What is
Employee Loyalty?
Employee loyalty is the extent to which your employees are committed and involved
with your organisation, its vision, mission, and culture.
Loyal employees are often driven to exceed expectations, show extra initiative, and
advocate for the business’ success.
Factors that contribute to Employee Loyalty
Company
Loyalty
Employee
Satisfaction
Employee
Engagement
This is the degree to which
employees have positive
feelings about you as their
employer.
Company loyalty is high when
you compensate employees
well and offer adequate
benefits.
This correlates with employee’s
performance levels in their job
roles.
When your employees are
satisfied, they sufficiently
challenges by their work and
compensation.
Employee engagement is the
extent to which employees are
involved with day-to-day work
activities.
When employees are highly
engaged, they tend to be more
creative, innovative and have
higher job satisfaction.
Read more: Cracking The Workplace Innovation Code Deck
5 Tips for Fostering Employee Loyalty
Conduct Stay
Interviews
Recognise and
Reward Employee
Contributions
Ensure open and
transparent
communication
Offer Work-Life
Balance
Initiatives
Invest in
Professional
Development
Employee
Loyalty
Create an environment where there’s two way
communication between leaders and
employees. Provide constructive feedback
and, address employee concerns promptly
and encourage open dialogue.
Ensure Open and
Transparent
Communication
Employee
Loyalty
5 Tips for Fostering Employee Loyalty
Commit to your employees’ career growth
and development by investing in ongoing
training and development opportunities.
also provide a clear path for career
progression.
Employee
Loyalty
5 Tips for Fostering Employee Loyalty
Invest in Professional
Development
Read more: Internal Recruitment: How to Pick the Right Employee for Internal Vacancies
The importance of work-life balance
cannot be overstated. Implement
initiatives that support it such as remote
work option, flexible work hours, etc.
Employee
Loyalty
5 Tips for Fostering Employee Loyalty
Offer Work-Life Balance
Initiatives
Beyond providing a positive work environment,
recognizing and rewarding employees also
increase employee loyalty.
To do this, offer career advancement
opportunities, cash rewards, public praise and
incentive programmes
Employee
Loyalty
5 Tips for Fostering Employee Loyalty
Recognise and Reward
Employee Contributions
Many organisations conduct exit interviews
where they ask employees about their
experience as they leave. Find out what team
members like and dislike about their jobs and
what they would look for in a new job.
Employee
Loyalty
5 Tips for Fostering Employee Loyalty
Conduct Stay Interviews
Read more: What is Employee Retention? 12 Effective Strategies for Your Organisation
Employee loyalty plays a key role in the success of
organisations as loyal employees are more likely to stay long-
term, driving productivity and business growth significantly.
Your organisation’s success also hinges on your ability to
sustain high employee satisfaction levels and create a culture
where employees feel valued and supported.
A strong workplace culture keeps employees engaged and
committed to your organisation. This includes providing
professional growth opportunities, recognizing employees
and creating an open feedback culture.
Importance of Employee
Loyalty in Business Success
Run Surveys
Regularly run employee engagement and satisfaction surveys to help you
understand how motivated your people are and how they feel working for you.
Calculate Employee Net Promoter Score (eNPS)
eNPS is an effective metric for measuring employee loyalty that measures
employee feedback to a simple question: “How likely are you to recommend our
organisation to others?”
Have One-on-One Meetings
Promote an environment where employees are comfortable having one-on-one
conversations with their team leads, supervisors and managers.
The results of the work are displayed
How to Measure Employee Loyalty
Employee loyalty do not happen overnight. You can only build employee
loyalty when you consistently make your employees a priority.
At Workforce Group, we can help you develop tailor-made solutions to help
your managers and leaders develop skills to foster employee loyalty and
commitment.
Our in-company training programmes can also offer your team recognised
qualifications that demonstrate your investment in their future with you.
Get in touch with us today, let’s help you increase your employee loyalty.
Reach out to us by sending an email to hello@workforcegroup.com.
Scale the advantage…
YOUR BUSINESS YOUR PEOPLE OUR FOCUS
=
Workforce Group
… We go beyond
Workforce by Numbers
17
Year-old Startup
8
Businesses
120+
Consultants
20
African Countries
8000+
Outsourced
Employees
1200-
capacity
Learning Facility
115+
Computer-based
test facility
250+
Clients
10+
Industries Served
36
States in Nigeria
READY TO GET
STARTED?
Visit www.workforcegroup.com or
Send an email to -
hello@workforcegroup.com

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Cracking the Employee Loyalty Code. PPTX

  • 1. Cracking The ‘Employee Loyalty’ Code The Key to a Thriving Business
  • 2. “ Loyal employees in any company create loyal customers, who in turn create happy shareholders. Richard Branson
  • 3. When employees are committed to your organisation, they’re more likely to do their jobs well and remain with the company for the long-term — which makes them extremely valuable to your organisation’s success. Click here to read: Preparing for the Future: Succession Planning Guide in Times of Change
  • 4. Employee loyalty and retention go hand in hand. As a leader, your relationship with your employees or teams is meant to be mutually beneficial. However, according to Harvard Business Review, the balance between the two is weakening.
  • 5. Although measuring employee loyalty can be tricky, it's easy to identify its impact on your business. It’s also important to know how much loyalty you have from your employees to enable you take necessary steps to prevent a decline. Low employee loyalty can affect your business growth and impact your people who are working hard to drive business success.
  • 6. What is Employee Loyalty? Employee loyalty is the extent to which your employees are committed and involved with your organisation, its vision, mission, and culture. Loyal employees are often driven to exceed expectations, show extra initiative, and advocate for the business’ success.
  • 7. Factors that contribute to Employee Loyalty Company Loyalty Employee Satisfaction Employee Engagement This is the degree to which employees have positive feelings about you as their employer. Company loyalty is high when you compensate employees well and offer adequate benefits. This correlates with employee’s performance levels in their job roles. When your employees are satisfied, they sufficiently challenges by their work and compensation. Employee engagement is the extent to which employees are involved with day-to-day work activities. When employees are highly engaged, they tend to be more creative, innovative and have higher job satisfaction. Read more: Cracking The Workplace Innovation Code Deck
  • 8. 5 Tips for Fostering Employee Loyalty Conduct Stay Interviews Recognise and Reward Employee Contributions Ensure open and transparent communication Offer Work-Life Balance Initiatives Invest in Professional Development Employee Loyalty
  • 9. Create an environment where there’s two way communication between leaders and employees. Provide constructive feedback and, address employee concerns promptly and encourage open dialogue. Ensure Open and Transparent Communication Employee Loyalty 5 Tips for Fostering Employee Loyalty
  • 10. Commit to your employees’ career growth and development by investing in ongoing training and development opportunities. also provide a clear path for career progression. Employee Loyalty 5 Tips for Fostering Employee Loyalty Invest in Professional Development Read more: Internal Recruitment: How to Pick the Right Employee for Internal Vacancies
  • 11. The importance of work-life balance cannot be overstated. Implement initiatives that support it such as remote work option, flexible work hours, etc. Employee Loyalty 5 Tips for Fostering Employee Loyalty Offer Work-Life Balance Initiatives
  • 12. Beyond providing a positive work environment, recognizing and rewarding employees also increase employee loyalty. To do this, offer career advancement opportunities, cash rewards, public praise and incentive programmes Employee Loyalty 5 Tips for Fostering Employee Loyalty Recognise and Reward Employee Contributions
  • 13. Many organisations conduct exit interviews where they ask employees about their experience as they leave. Find out what team members like and dislike about their jobs and what they would look for in a new job. Employee Loyalty 5 Tips for Fostering Employee Loyalty Conduct Stay Interviews Read more: What is Employee Retention? 12 Effective Strategies for Your Organisation
  • 14. Employee loyalty plays a key role in the success of organisations as loyal employees are more likely to stay long- term, driving productivity and business growth significantly. Your organisation’s success also hinges on your ability to sustain high employee satisfaction levels and create a culture where employees feel valued and supported. A strong workplace culture keeps employees engaged and committed to your organisation. This includes providing professional growth opportunities, recognizing employees and creating an open feedback culture. Importance of Employee Loyalty in Business Success
  • 15. Run Surveys Regularly run employee engagement and satisfaction surveys to help you understand how motivated your people are and how they feel working for you. Calculate Employee Net Promoter Score (eNPS) eNPS is an effective metric for measuring employee loyalty that measures employee feedback to a simple question: “How likely are you to recommend our organisation to others?” Have One-on-One Meetings Promote an environment where employees are comfortable having one-on-one conversations with their team leads, supervisors and managers. The results of the work are displayed How to Measure Employee Loyalty
  • 16. Employee loyalty do not happen overnight. You can only build employee loyalty when you consistently make your employees a priority. At Workforce Group, we can help you develop tailor-made solutions to help your managers and leaders develop skills to foster employee loyalty and commitment. Our in-company training programmes can also offer your team recognised qualifications that demonstrate your investment in their future with you. Get in touch with us today, let’s help you increase your employee loyalty. Reach out to us by sending an email to hello@workforcegroup.com. Scale the advantage…
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  • 19. READY TO GET STARTED? Visit www.workforcegroup.com or Send an email to - hello@workforcegroup.com