Employer Loyalty Is Dead

Well, we shoulda seen this coming. After years of saying that employee loyalty was gone (thanks Gen Xers), now employer loyalty seems to be going the same way. Some say it already has. Whatever. Now it’s worse.

In a new survey from staffing company Veritude, “The New Normal: Recession Response and Workforce Planning,” two-thirds of companies polled reported “upscaling” their workforce.

A full two out of three companies said that they’ve used the recession to fire underperforming workers and replace them with more qualified ones.

Peter Cappelli writes