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.