Encouraging more company loyalty in employees is the only way to stop a high employee turnover. Below are some simple steps that you can take as a manager and leader to help develop and grow staff loyalty.
1. Strong Leadership Helps Inspire Strong Loyalty
If you are able to demonstrate a strong measure of loyalty to members of your team you will find that a similar measure of loyalty will be returned to you. In the current trying times, inspiring loyalty is an excellent way to get the most of your teams and lay a good foundation for lasting success.
2. Connecting With Staff
Granted, there isn’t usually sufficient time for interacting with all employees on a social level on a daily basis, it can be harder to maintain that once every week depending on the size of the business. However, it is important to ensure that you carry out the principle to restore any doubts over employee value to the business since you are trying to connect with your staff on a regular basis.
3. Show Employees that You Trust Them
If employees feel valued and trusted they usually will reciprocate such feelings. Give employees the authority to make decisions relating to their work whenever possible. The resulting sense of responsibility and freedom may inspire them to go above and beyond this improving the work environment in its entirety.
4. Provide Two-Way Communication and Honest Feedback
Feedback is critical to growth in any capacity – whether personally or in the workplace. One of the key principles of any business should be operating with integrity and honesty, whether it is to employees, customers, or clients. An honest outlook with employees will not only aid communication but can also help streamline processes in your company.
5. Developing a Millennial Mindset
Graduates are likely to desire a perfect work/life balance from employees as much as they desire good career prospects. Accenture conducted a survey that found that 59 per cent of graduates actually prefer a positive social workplace atmosphere than a higher salary. These are just 2 examples of where businesses should take a fresh look a how they offer incentives to employees. You can also change the physical properties of the workplace to aid this social atmosphere – office painters and decorators in London and many other cities can provide a fresh coat quickly and easily, which could make all the difference.
6. Appropriately Rewarding Employees
One of the key drivers of loyalty and respect is recognition. If you don’t recognise the accomplishments or efforts of your employees, whether on a professional or personal level can lead to the said employees not feeling appreciated or valued. It often leads to employees looking for job opportunities elsewhere.
7. Get Rid of Unnecessary Uncertainty
The reality is that today’s workplace has more uncertainties compared to that of the past. The economy is rapidly changing with innovations constantly disrupting previously stable markets. According to a study conducted at the University College London, the pervasive uncertainty tends to create a climate of stress that can make your employees miserable.
It might be impossible for a single company to fix an uncertain economy, but a company can increase the predictability of working by ensuring that employees are briefed and giving warnings in advance if and when changes are looming.
8. Being Neutral and Fair
It can be hard for employees to feel loyal to a company that tolerates people that make the workplace miserable for everybody else. Abusive co-workers and bosses increase stress greatly thus increasing employee turnover. Make sure that all employees are fairly treated and be known as the manager with integrity.
9. Being Supportive and Showing That You Genuinely Care
If you offer a supportive environment, your employees will work more comfortably without the fear of making a mistake. In turn, this helps encourage experimentation and makes employees push themselves. With the reassurance that managers will help employees learn from previous mistakes, it will develop and boost the respect between employees and the management.
10. Offering Training and Development
Training is an essential aspect of running a business. You want employees to be the best that they can be and you should provide them with the tools and resources needed to do that. Training can be one of the best ways to boost any business. If employees have the right knowledge and information to do their best work, it will impact the business positively.