Is employee loyalty declining?
Is employee loyalty a thing of the past? Forty percent of employees think it’s no longer possible to be as loyal to a company as in the past, with the French – at 56 percent – expressing the highest such sentiment, a recent Synovate survey has found. Synovate also discovered that one in four Russians and Ukrainians have changed jobs in the past year, almost twice as many as in the other countries surveyed. The survey was conducted among 2,675 respondents in Bulgaria, the Czech Republic, France, Hong Kong, Hungary, Romania, Russia, Singapore and Ukraine. The study examined attitudes towards work and the factors that prompted job turnover. Salary was the main motive cited for job-hopping: One-third of respondents who changed jobs in the past year, along with half of those actively considering changing jobs, state that a better salary is the main factor behind their decision. Turnover in Russia and Ukraine can be attributed to fast growing economies, explains Panicos Ioannides, Synovate’s
