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Assignment BRM 5

Companies benefit from employee loyalty through lower costs and higher productivity, morale and customer satisfaction. However, widespread downsizing during the recession damaged the loyalty of many employees. To prevent further loss of these benefits, some companies have tried measures like flex leave programs that allow employees to take a paid sabbatical and retain their jobs, or increasing communication and support for remaining employees during difficult times.

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Muiz Saddozai
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114 views1 page

Assignment BRM 5

Companies benefit from employee loyalty through lower costs and higher productivity, morale and customer satisfaction. However, widespread downsizing during the recession damaged the loyalty of many employees. To prevent further loss of these benefits, some companies have tried measures like flex leave programs that allow employees to take a paid sabbatical and retain their jobs, or increasing communication and support for remaining employees during difficult times.

Uploaded by

Muiz Saddozai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment BRM 5

What is the problem statement in the following situation, Research


Hypothesis?

Employee Loyalty
Companies benefit through employee loyalty. Crude downsizing in
organizations during the recession crushed the loyalty of millions. The
economic benefits of loyalty embrace lower recruitment and training costs,
higher productivity of workers, customer satisfaction, and the boost to
morale of fresh recruits. In order that these benefits are not lost, some
companies while downsizing try various gimmicks. Flex leave, for
instance, is one. This helps employees receive 20% of their salary, plus
employer provided benefits, while they take a 6 to 12 month sabbatical,
with a call option on their services. Others try alternatives like more
communication, hand holding, and the like.

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