Employee Loyality
Wegmans Food Markets, Inc. is a privately held American regional supermarket chain headquartered in Gates, New York, near Rochester. Wegmans has more than
90 stores in the US and more than over 46,000 employees.
WHAT IS THIS HR INNOVATION ABOUT?
Wegmans very popular with the younger members of the workforce. Part-time employees who meet eligibility requirements regarding work performance and academic performance may receive $1,500 per year for up to 4 years for their advanced schooling, and full-time employees may receive $2,200 per year. Part-time employees who are children of full-time employees are eligible for $2,200 per year.
From 1984, when the scholarship program started, through 2003, more than 16,000 employees have received a total of $52 million in education assistance.
WHY WAS THIS INNOVATION IMPLEMENTED?
They wanted to achieve loyalty and longevity of their workforce. They have a strong benefit program for them and one of the facts is that they encourage people to come to work, while the company supports their educational goals.
WHAT ARE ITS MAIN BENEFITS?
At the organizational level, the company shows its appreciation and support for its employees.
Fortune magazine’s annual list of“100 Best Companies to Work For” 8 years in a row.
Satisfaction of the workforce, stability and employee longevity.
COUNTRY
United States
YEAR
1987-ongoing
Check sources at the bottom of the page...
SOURCES
http://www.attcnetwork.org/explore/priorityareas/wfd/grow/documents
/Best%20Practices%20in%20Recuitment%20and%20Retention.pdf