How Can We Boost Employee Loyalty with Creative Incentives? Your Ideas Needed!

Dear Forum members,

Could you please suggest some ideas, benefits, or loyalty incentives that we can offer to our staff to enhance their loyalty towards the organization? Your inputs are much appreciated.

Kindly provide your insights.

Thank you.

Give special benefits to women employees, including food for employees who work late nights and special food for festivals.

The trouble with loyalty is that it cannot be purchased. If you wish for your employees to be loyal to your company, then first check whether leadership shows loyalty to the organization. If leadership does not exhibit loyalty towards the company and its employees, then don't expect the employees to be loyal.

Few business leaders work long hours or take fewer days off to demonstrate their loyalty. However, true promotion of loyalty occurs when leadership exhibits value-based behavior and does not disregard the law.

Loyalty vs. Commitment

In today's business environment, what is important is not loyalty but commitment. Please note that an employee may be loyal but may not be committed. The former could be loyal to a person, and complying with what top management says could be seen as loyalty, whereas the latter is committed to the work itself.

Understanding Employee Welfare and Loyalty

For HRM789: Employee welfare measures do not promote loyalty. Neither giving economic incentives to employees helps in making them more loyal. Try to understand the differences among these concepts.

Regards,
Dinesh V Divekar

Loyalty can be increased by improving benefits such as life insurance, hospitalization, and sick leave. Employees want to feel respected and valued. Employers should recognize employees' contributions and conduct training programs so that employees can feel improvement. Rewards should be given for hard work and good performance, along with a good working environment and competitive salary packages. These factors can help increase employee loyalty.

Thanks & Regards,
Shiwani

Dear Shiwani Walia, I beg to differ with you regarding the first line of your suggestion. Fringe benefits are not known for increasing employee loyalty. Would you mind sharing with this forum the source of this information? I am okay with the other suggestions.

I will wait for comments from other members as well.

Regards,
Dinesh V Divekar

Attrition is a common problem in corporations across the globe, and therefore, many companies have implemented the practice of awarding loyalty bonuses or retention bonuses if an employee stays with the company for a specific period. It is important to note that such bonuses can be introduced at any time, and all employees who stay with the company for the designated period (e.g., 4 years) from the date of the bonus announcement will be eligible for the retention bonus or loyalty bonus based on their grade. The amount of the loyalty bonus or retention bonus will vary according to the employees' grades, with those in higher grades receiving higher bonuses and those in lower grades receiving lower bonuses.

Feel free to contact me for any further clarification.

Regards,
Shreyas Dave
HR Consultant
Al Turki Enterprises LLC
Muscat
Sultanate of Oman
Mobile - [Phone Number Removed For Privacy Reasons]

Dear Shiwani Walia, I beg to differ with you as far as the first line of your suggestion is concerned. Fringe benefits are not known for increasing employee loyalty. Would you mind sharing with this forum the source of this information? I am okay with other suggestions. I will wait for comments from other members as well.

Dinesh V Divekar

Dear Mr. Divekar,

I fully agree with your opinion as there is no scale to measure loyalty. This can be done in a way that if from the outset, the leaders are setting some sort of example for the subordinates, then it can work. But then again, it depends on the leaders to come forward. So, committed leadership can ultimately do the job rather than any loyalty program, training, or bonus.

Regards,

Nilesh Dev.

It has been great to read such wonderful suggestions on a really grueling topic among HRs. I agree that loyalty can't be purchased but earned. We become loyal to those who are loyal to us, a simple yet very practical principle. The only way to buy loyalty is to make them feel that the company cares about them—that their every little effort is counted. No one can be loyal when they want to be loyal; it's a process that takes its own time.

So, if you want someone to be loyal to you, don't get concerned about it, just care for them, and you will definitely enjoy the fruit of loyalty.

Enjoy 

Regards,
Rajul Pratap
Founder
Impeetus Education Solutions

Hi Manu,

Giving one week of leave after 10 and 15 years of service, and also providing 2 weeks of holidays after 20 years of service may be a good option to recognize loyalty.

Regards,
Nagaprasanna

Dear seniors and forum members, I thank you all for taking out your time and providing your valuable suggestions. I agree in principle that loyalty cannot be purchased. I would like to highlight that our organization emphasizes a lot on employee satisfaction and benefits, which is why we have controlled attrition to only 2%. There is a lot of focus on developing in-house talent to nurture tomorrow's leaders.

Currently, we have identified key resources among our staff, considering various parameters such as dedication, tenure, and their commitment towards work and the company. These factors have helped us decide to categorize them in a key group. The management would now like to reward them with something that not only recognizes their efforts and commitment but also motivates them to continue working with us for years to come.

Thank you.

Regards