The first thing to realize about employee
loyalty is that the loyalty is probably not
to the employer, but rather to those who are in the employees’ immediate work circle—colleagues, supervisors, reports, immediate managers or even clients and customers (Bidwell and Fernandez-Mateo, 2010). Only really exceptional businesses get genuine loyalty to the organization itself.
The other thing to note is that, throughout the world, loyalty to companies or firms is rapidly declining. MetLife’s 10th annual survey of employee benefits, trends and attitudes released in March puts employee loyalty at a seven-year low. One in three employees, the survey says, plans to leave his or her job by the end of the year. According to a 2011 Careerbuilder.com report, 76% of full-time workers, while not actively looking for a new job, would leave their current workplace if the right opportunity came along. Other studies show that each year, the average company loses anywhere from 20% to 50% of its employee base (Knowledge@Wharton, 2012).
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