Loyalty
has a price tag, which can vary from function
to function and organization to organization.
Who
is a loyal employee? In my opinion,
it is the person who has options, and commands
a price in the competitive market but still
is trustworthy and the management can bank upon
him. A loyal employee gives you a feeling that
“come what may” he will not leave,
despite competitive offers. Loyalty is tested
more in case of professionals who have alternatives
but such is their commitment to the organization,
and the people who run it, that he decides to
continue within the same group or organization.
Again, loyalty can be to the organization, or
to the management or people who run it. It takes
years for anyone to develop this kind of a relationship.
If a person is loyal to the organization and
to the management both, the combination is deadly
in favor of the organization. But if the loyalty
is for a specified person then the loyalties
can switch with the person. It is good to have
people who are loyal and committed to the organization
than to have a specific leaning to a specific
individual.
In
course of our interaction with newcomers during
the talent acquisition exercises, we do come
across bright individuals who would definitely
deliver, but somehow they lack the loyalty and
commitment, and you know their span is limited.
But till the time they are in the organization
they would deliver.
How
do you gauge loyalty? May be it is
the number of years they have put in, but more
so it is their general attitude and the position
of trust and confidence which they communicate
in course of interaction and corporate dealings.
More so, they are the people who can be trusted
in testing and challenging situations.
Finally,
loyal employees are not identified specifically
but are in the knowledge of management and this
attitude should be rewarded. You cannot ignore
a loyal employee for a long time but you should
ensure that they are adequately compensated
as they are the people who are your brand ambassadors
and would always be with you in daunting situations.
Just a poser for all of you – How should
the management deal with loyal employees who
are not able to keep pace with the times and
upgrade themselves professionally? Also, what
if due to influx of new employees his/her position
is threatened as he/she does not possess the
required skill-set? In my opinion, do not dispense
with them but give them alternate profile as
from the organization’s point of view
you need different skill sets. An effort should
be made to train them so that they become useful
to the organization. To take it further, in
the game of chess every playing piece is not
a queen and you also need pawns, the rooks and
the bishops to make the right moves.