Loyalty Programs

What are Loyalty Programs?


‘Loyalty Programs’ refers to the additional incentives that a company provides its employee for staying with the company and being loyal towards the organization.


Implementing good employee loyalty programs not only rewards the employees, but also helps the company in multiple ways. As a satisfied employee, they are bound to spread the goodwill of the company which translates to word of mouth publicity for the company.


On the other hand, satisfied employees are also engaged employees whose productivity will be better than others leading to improved performance. As employees are the most valuable asset for any company, organizations spend a lot of time, cost and energy in training them and if they leave, it is also a loss for the company. Hence, retaining employees helps the organization too.

More HR Terms

What is Formal Communication?

What is Formal Communication? Formal Communication is an exchange of important work-related information within the organization. It follows different levels according to the organizational hierarchy.

Sex Discrimination

What is Sex Discrimination?   ‘Sexual Harassment’ refers to the harassment of an individual which is defined by unwarranted sexual attention towards them in the

Distributive Bargaining

What is Distributive Bargaining?   ‘Distributive Bargaining’ is a competitive bargaining technique in which one party gains only if another party loses. It is used

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’