It is finally happening: Millennials are beginning to phase out baby boomers from workplaces. They bring fresh ideas to companies in different industries, so their business can keep up with the competition and the changing interest of the current market.
However, as London-based finance recruitment agencies say, it is evident that many of these fresh blood of employees are hardly committed to loyalty. As the owner, you know that changing your workforce too often can affect the overall operations of your business — positively or negatively. In fact, it can derail you from achieving your business goals within the timeframe that you had set.
Therefore, you cannot and should not ignore the role that loyalty plays in the success of your company.
Does Loyalty Matter?
Yes, it does. As the owner, you have to let your employees know that you value them and what they do. Studies reveal that employee productivity increases the more they find fulfilment in their work. In return, it increases loyalty in workplaces, which your company can use to grow its future leaders.
Give your employees a little bit of control over some sensitive matters in your organisation. A high level of autonomy could instil a sense of responsibility in them, knowing that they have a significant role to play in the success of the company they are working for.
It is all good that you have plans to recruit the best talent in town. Then again, you sure are not okay with the inconvenience of waking up to a letter of resignation every few days or weeks after you hire someone to fill a position in your company.
Keep your employees loyal and expect them to give back with the best work they could offer your company.