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Updated by Manali Routray on Apr 29, 2017
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4 Reasons why Employee Loyalty Programs is the Need of the Hour

Employees are company’s greatest asset, but sometimes their performance decreases. Employee Loyalty Programs ensures maximum productivity and solves this problem.

Source: https://www.innovativeincentives.in/about-us/

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About

Ever wondered why a top talent gradually starts underperforming, shows higher rate of absenteeism and stops participating in the company’s affairs with interest? Well, that’s because they start feeling underappreciated and a lesser significant part of the company. Securing a top talent thus, is not the only criteria for ensuring productivity among employees, regularly assuring their smooth functionality and engagement is equally important. We will arm you with top 4 reasons how an Employee Loyalty Program can solve these problems and help you establish a healthy relationship with them that is both rewarding and lucrative for both of you

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1. Boosts Productivity

1. Boosts Productivity

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Rewards, Recognition, Increments and appreciation are tried and tested measures of fostering better work performance, punctuality and engagement among the company’s human resource in the long run by building an emotional connect with the organization.

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2. Increases Life Span of Employees

2. Increases Life Span of Employees

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Contentment is equivalent to employee retention in organizations. Statistics suggests that organizations with effective employee loyalty programs had 31% lower voluntary turnover than the organizations with no such strategy.

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3. Helps in Marketing

When your members feel a part of the organization and take pride in that, it becomes an effective medium for word of mouth marketing, enhancing the reputation of the brand in the market.

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4. Increases Profit

4. Increases Profit

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Better performance and decreased turnover helps companies to increase their profit multiple folds, therefore it’s a true win-win for organizations through employee loyalty system.

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at the end...

Notch up your human resources management with the most suggested strategy by experts i.e. Employee Loyalty Programs and enjoy adherence and faithfulness from your members who work in a fashion that is advantageous to your company in the long run.