Loyalty

an outmoded concept?

Loyalty has long been a critical element in helping organizations thrive and in motivating individuals to confront and overcome obstacles. But in the last decade of the 20th century, workplace loyalty has sharply declined. This article examines why employers and employees no longer demonstrate the loyalty that has long helped businesses and communities achieve significant accomplishments. In doing so, it looks at how corporate downsizing and decreased job security have whittled away the loyalty that long drove organizations and workers. It then discusses how the deterioration of loyalty has changed the contemporary workplace, explaining how less loyalty has led to increased employee workloads and stress as well as reduced employee trust and confidence in management. It also explains how careers and performance rewards are much less satisfying and less lucrative today than in decades past. It reports the findings of a study showing how contemporary views on career development differ from the views held by previous generations of workers.
registered user content locked

Log in or join PMI to gain access

or Account Registration

Advertisement

Advertisement

Related Content

  • Project Management Journal

    Who Supports Project Careers? member content locked

    By Huemann, Martina, | Ringhofer, Claudia | Keegan, Anne E. This exploratory research examines who supports what aspects of career development on projects. Our main finding is that, although project professionals receive support from formal and informal…

  • Project Management Journal

    Selecting Organizational Partners for Interorganizational Projects member content locked

    By Braun, Timo | Sydow, Jörg The selection of partners is critical for the success of interorganizational projects. Based on conceptual reasoning in light of prior research, as well as illustrative empirical insights into an…

  • PM Network

    Chain Demand member content locked

    Manufacturing, retail and logistics executives are clamoring for more real-time, end-to-end transparency of their supply chains. That desire is driving demand for digital supply chain investments,…

  • PM Network

    Digging Deep member content locked

    By Parsi, Novid Iron ore mining projects are on the rise again in Australia. After prices plummeted in 2015, the sector is expected to see an increase in export volumes of iron ore from 847 million metric tons in…

  • PM Network

    Raise the Roof member content locked

    A serious labor shortage is threatening to slow housing projects across the United States. In May, builders reported shortages in 12 of 16 labor categories, with carpenters, framing crews,…

Advertisement

Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.