Employer Recession Efforts Hurt Employee Loyalty

 

March 28, 2011 (PLANSPONSOR.com) - As the U.S. economic outlook continues to improve, employee loyalty is on the decline, according to MetLife’s 9th Annual Study of Employee Benefits Trends.

Forty-seven percent of employees report feeling very strong loyalty to their employer, down from 59% just three years ago. However, according to a press release, employers believe their employees feel the same loyalty toward them today as they did several years ago; about half (51%) of surveyed employers say they believe their employees have very strong loyalty to them, and half believed the same in 2008.

While employers of all sizes saw productivity gains over the past 12 months, proving that many were able to “do more with less,” this short-term gain may have come at the expense of employee loyalty, the press release noted. While 43% of larger employers (with 500 or more employees) and 38% of smaller employers (with fewer than 500 employees) reported productivity gains in 2010, more than one-third (36%) of employees hope to work for a different employer in the next 12 months.

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