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The importance of loyalty of highly performing employees for organizational performance
Ioana-Lavinia RASCA,
Institute for Business and Public Administration from Bucharest - ASEBUSS Alecxandrina DEACONU, Academy of Economic Studies, Bucharest
Abstract. Competition, and efforts to increase market share and profits, made leaders of more
and more companies around the world, including Romania, aware that competent and
dedicated employees are the key factor in getting and retaining customers’ loyalty. Despite the
efforts that managers put in strategies for retaining employees, surveys show that most of the
CEOs report that employee turnover increased dramatically in the last three years. In this
paper, we try to find some answers to the question: “How can leaders retain high performers
in the organization?” Employee satisfaction is, in our opinion, one important answer.
Research performed in Romania by GFK, starting with 2005, confirm the results released by
the international studies. Romanian employees appreciated respect, recognition, challenging
work as being more important than fair payment. That is why we presented in the paper some
methods that are meant at increasing employees’ satisfaction and loyalty.
Keyword: loyalty, competence, motivation, satisfaction, reward.
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Conferences
2012.10.12-13
[ archives ]
Publications
The Classes of Economic Concentration and the 80% Factor , Cezar Mereuță
Foreign Majority Ownership in the Node Companies of the Main Markets in Romania - Compendium , Cezar Mereuță, Ionuț Pandelică, Amalia Pandelică
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