Employee loyalty is an essential part of any business’s retention strategy. But how do you ensure that your team is engaged, happy, and loyal on the job? There are a few things you can do in management that will encourage your employees to remain dedicated to your organization and increase retention, along with productivity and efficiency. Here are five things you can do starting today.
Create a Powerful Mission Statement
Mission statements may be the most straightforward step to improving employee loyalty. Your employees want to believe in your companies’ ideas and values. If they are unable to articulate what your company does or your corporate values in a few words, it may be hard for them to conceptualize why they want to be loyal. Work on a mission statement that will inspire and encourage loyalty.
Hire for Shared Values
You can also improve loyalty by looking at your hiring practices. When you hire for shared values, you create a culture where everyone is encouraged to participate. Consider the opposite. If you hire someone who does not share your corporate values, they will become disillusioned with the work they’re doing. It’s like fitting a square peg into a round hole.
Lead by Example
Your employees also watch and learn from you. They take their cues from the way you work with the company. If you’re disengaged, they will quickly notice. Instead, lead by example. Showcase your loyalty and shared values with the corporate. Believe in the mission statement. It will go a long way toward inspiring your team.
Showcase Your Appreciation
Your employees also like to be recognized for the work they do. Yes, you should reward someone for going above and beyond the scope of their job. But don’t forget to be grateful every day for how your team contributes. Simply saying thank you will show that you appreciate your team and value their presence.
Give Back to the Community
Employees today also tend to be community-oriented. They want to know that their employer cares for more than just the bottom line. When you give back to the community, you inspire your team to do the same. They want to be involved; they want employers who are involved. Organize volunteer events and pick local organizations to support throughout the year.