Everyone, I want to know what's the correlation between employee loyalty and retention? How can one increase employee loyalty? What factors contribute to employee loyalty such as compensation, perks, frills, work-life balance?
Some reasons why employees leave or do not stay loyal, apart from a bad boss, are:
1) The job was not as expected.
2) Work/life imbalance.
3) Mismatch between job and new hire.
4) Management freezes raises and promotions.
5) Feeling undervalued.
6) Lack of decision-making power.
7) Too little coaching and feedback.
8) Management lacks people skills.
9) Too few growth opportunities.
10) Loss of faith and confidence in corporate leaders.
11) Lack of participation in management decisions.
12) Favoritism toward selected employees.
13) Employee engagement.
14) Distance from management.
15) Best job fit within the organization.
Take care of these, and the rest will fall into place.
Regards
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