This is partly because of worker loyalty.
They cannot afford to succumb to old-fashioned tricks used by companies to promote worker loyalty.
Rather, they stressed the quality of the labor force and the fact that high unemployment tends to engender worker loyalty to the company.
The idea was to promote worker loyalty by giving workers an incentive to stay with one company.
Consider the conclusion that flat growth may make lifetime employment, a pillar of worker loyalty, untenable.
Companies employed these types of welfare policies to encourage worker loyalty, productivity and dedication.
If auto sales no longer rise steadily, it will also be harder to insure lifetime employment, the underpinning of worker loyalty here.
This effectively made a dollar of insurance worth more than a dollar of income, giving companies an easy way to cement worker loyalty.
While overall worker loyalty has improved slightly in recent years, young people are still highly mobile.
Corporations, the author states, should emphasize worker loyalty and training rather than downsizing.