Why Companies No Longer Reward Loyal Employees

There was a time in the not-so-distant past when the American workplace operated under an implicit agreement: Employees who worked hard at their jobs and stayed loyal to a company were rewarded with job security, health benefits, and other perks. This bargain is an example of what’s known as the norm of reciprocity — repaying one kindness with another —and reciprocity is a universal component of the moral code that governs human behavior. Yet in today’s work world, reciprocity operates with less force.

Source: www.gsb.stanford.edu

Companies would be wise to build less calculative cultures where there is greater emphasis on morality and ethics, and where the norm of reciprocity still operates.

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