Having loyal and committed employees is essential for building a thriving and enduring company. When employees are dedicated, they perform at their peak, stay motivated, and drive the company’s success. A key way to foster this loyalty is through employee recognition.
What is Employee Loyalty?
Employee loyalty encompasses the dedication, commitment, and allegiance employees show toward their organization. Loyal employees exhibit long-term engagement, increased productivity, and a willingness to exceed expectations in their work. While the benefits of loyalty are great, it takes time and hard work to earn it properly.
Engagement
Engaged employees are more productive, have positive feelings about their company, and are invested in its success. According to a recent survey by Nectar, about 82% of employees agree that being recognized for their contributions improves their engagement. Receiving praise is crucial to feeling fulfilled and proud of one’s work. It’s hard to perform a job that feels unimportant and thankless. Employee recognition offers the perfect opportunity to positively interact with employees and encourage their continued engagement. When recognizing someone, the company not only engages with that particular employee, but signals to those around them that their work is valued. In turn, the employee can proudly wear their award in and out of work.
Culture
A workplace’s culture generally revolves around its core values. This could be safety, teamwork, innovation, integrity, etc. When recognizing employees for certain behaviors, the company reinforces its values. This strengthens its culture overall, and creates a sense of stability and consistency. Employees know what to aim for, and when they achieve it they’ll receive the proper acknowledgement for their efforts. Knowing they can rely on their company and enjoy a positive work culture makes it much easier to build a sense of loyalty.
Retention
When people feel satisfied, engaged, and valued at their job, they’re much more likely to stay. In fact, a recent WorkHuman-Gallup study found that properly recognized employees are 56% less likely to be looking for other job opportunities. Loyal employees stick with their company, steering it away from the high costs of turnover. The same study found that creating a culture of recognition can save a 10,000-employee company up to $16.1 million in turnover costs each year! Loyal employees are truly worth the investment.
Make it Meaningful
Recognition works best when it’s genuine, personalized, and matches the value of the achievement. At Dion, we’ve spent the last 56 years creating the perfect custom awards for any occasion and industry. Our jewelry awards are wearable badges of honor that have a branded link back to the company, making them a special item that can only be earned through the employee’s hard work. Our dedicated Account Management team will guide you through the entire process of creating your company’s one-of-a-kind award, so you can have a recognition program that motivates and inspires.
Getting started with Dion is easy: simply browse our gallery of past products for some inspiration, then This email address is being protected from spambots. You need JavaScript enabled to view it. give us a call, or fill out our New Project Form for a quote!
