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Does it still pay to be a loyal employee?

Published on 14/05/09 at 10:34am

Few people can expect to have 'a job for life' anymore, where employees could expect to stay with the same company from the beginning of their career right up until retirement. This long-term relationship between an employer and employee naturally helps build up loyalty.

But times have changed, and economic necessity has encouraged organisations to make some harsh and expedient decisions about staff.

So if employers show no loyalty to staff, why should employees be loyal in return? We might be forgiven for thinking it is just about looking after number one these days. Will staying loyal to an employer lead to career advancement and more money, or do you have to 'jump ship' from time to time? And if you do, how can you be sure you're jumping onto a better ship, rather than into the shark-infested waters?

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