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Examining the connection between culture and employee loyalty

On Behalf of | May 12, 2020 | Business Law |

When companies in Florida begin their search for talented people to add to their team, their hope is to retain employees that demonstrate tenacity, unity and loyalty. A lot of the success that businesses have in maintaining a reliable and enthusiastic workforce comes from their ability to provide a unique and rewarding organizational culture.

Examining the connection between a company’s culture and the loyalty of its employees may help business leaders to identify ways to prevent disputes and costly litigation stemming from preventable misunderstandings or lapses in communication.

Formal contracts and promises

Arguably one of the most important ways for companies to encourage compliance and loyalty from their employees is to have their workers sign a contract at the time of hire. The terms included in such an agreement may address topics from non-compete requirements to job-related expectations to termination policies for non-compliant workers. However, a well-written contract is only the beginning of guaranteeing that employees follow the rules.

According to Forbes, developing a culture that supports company beliefs and values is an imperative requirement for companies to be able to maintain their employees. Especially in times of economic or industry uncertainty or where the company is experiencing significant changes, a company with a strong culture may continue to provide its employees with reassurance, support and validation despite challenges it is facing.

Creating a company culture

HR Daily Advisor suggests several proven methods in which companies may build a sustainable culture including providing education to its employees, encouraging engagement and enabling employees to take responsibility, giving adequate and timely recognition for accomplishments, providing incentives and competitive pay, and investing resources into the development and well-being of employees.