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

Gag Clause

What is Gag Clause ?    ‘Gag Clause’ refers to any contract based stipend that restricts an employee from disclosing sensitive information about the company,

Voluntary Reduced Work Time

What is Voluntary Reduced Work Time?   ‘Voluntary Reduced Work Time’ refers to a kind of arrangement between the staff and the employer that allows

Skills Gap

What is Skills Gap?   ‘Skills Gap’ refers to the gaps in the skills expected by the company for a position and the skills the

Contact Us

Contact Us

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