Different strategies to secure employees' loyalty

Résumé du document

As an introduction to this subject, we can emphasize on idea of 'a job for a life'. It doesn't exist anymore in the modern days. In fact, securing employees loyalty is an essential priority of companies. It allows the company to be competitive. There are many means to secure the employees loyalty. Firstly, we will explain the things that should be done before establishing a loyalty strategy. Next, we'll examine examples of different strategies to secure loyalty. Finally, we'll take the case of two companies which have developed Quick and AFD Technologies. Managers have to listen to the employees in a company. They have to get information from the employees and to report it to the HRM in order to constantly improve working conditions. They also have to communicate with the HRM on the needs, performance, evolution, problems and suggestions from employees who are under their responsibility.

Extraits

[...] Managers have to listen to the employees in their life inside the company. They have to get information from the employees and to report it to the HRM in order to constantly improve working conditions. They also have to communicate with the HRM on the needs, performance, evolution, problems and suggestions from employees who are under their responsibility. Like in all processes, there is a procedure to follow to establish a loyalty strategy. First, you have to inform your HRM and to validate the decision with him. [...]

[...] The payment strategy Payment is a factor which encourages employees to stay in the firm. This firm can build its own payment strategy according to the modification of three points First, direct payment is an essential point. It is composed of the base salary, individual and collective group bonuses. The salary basis is calculated thanks to the classification scale. The firm can choose to increase those salaries is changing this scale. Bonuses reward employees' performance, for example a bonus based on objectives is paid to the employees when they reach a certain amount of determined turnover. [...]

[...] AFDT Technology has chosen to focus its loyalty strategy on the dialogue with its employees. Quick set up a loyalty strategy based on the training of its employees and career management. The advent of the Y generation, who wishes to progress quickly in the company and who refuses to choose between its private life and its professional life, will generate new difficulties for companies. Can companies secure all its employees' loyalty? Does it make sense to want to secure all its employees' loyalty? [...]

[...] The corporate culture can create employees' commitment. The manager's role is also a key factor because the firm has to train its managers to a management adapted to the employees. A bad working environment can incide the employees to resign. III. specific cases of companies. How Quick secures its team loyalty? In the fast food industry especially, securing employees' loyalty is a permanent challenge. To solve this problem, Quick France has set up, for several years, methods to curb the turnover of staff. [...]

[...] If it's necessary (depending on the interview), trainings are offered to the manager. The result of this loyalty policy is very positive because: 70% of managers began as a team member 97% of restaurant managers and 71% of managers were promoted internally. AFD Technologies is a software engineering company. In 2005, the staff turnover rate was 30%. Thus in 2006, AFD decided to establish, a lot of guidelines to secure its employees' loyalty. Setting up of a survey to measure the dissatisfaction level among consultants. [...]