Loyalty To Employees In The 1970's

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Many decades ago, people worked for the same company all their lives (Semuels, 2013). When they retired they received a full pension and possibly a gold watch (Semuels, 2013). Nowadays there is not that much loyalty to employers and employees (Semuels, 2013). In the 1970’s companies had lifetime employees with a “long-term plan for developing talent internally” and they honored the employees for life (Semuels, 2013, p.1). Back then they estimated how much their company would grow and approximately how many employees they needed to achieve their goals (Semuels, 2013). Then the 1980’s arrived and we had a recession; this meant companies had too many people with talents (Semuels, 2013). Moreover, people started getting fired from their jobs.

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