Loyalty is a two-way street. Management, and employees, have a responsibility to each other.
Neither respects the other, business and people should respect each other. One does not have to like or agree, but one should respect.
too few companies realize that employees are people and not "slaves" ... just because I work for you, doesn't mean you own me ....
and if you don't respect and take care of your employees , they won't give a rat's ***ss about your company ...
most management today takes the attitude "use them up , throw them away and get a new one" ...
unless there are hundreds of "qualified applicants" , they fail to consider the training required and learning curve before the "new ones" are ready to do the job by them selves .... lost productivity for 2 people ( trainer and trainee ) ...
worked in a few shops where they started off doing things "right" by the employees, and the workers had no problems going the extra mile when the company needed it ....
sadly , all of them changed to the "modern" version/view of "I'm the boss , do as I say , you work for me, OR ELSE, this is costing me $$$$ " ...
when they switch and lose respect , the employees also take the view of "you got your 8 hours out of me, I'm going home now... no I don't want the overtime." ... "no, I won't be in early either" ...and sorry you over extended yourself, but it's not my problem, you're running the company and should have known better. ...
eventually , everyone gets fed up and finds another place to work ...., leaving the company wondering "why did they leave us like that ... after all we did for them ..." they remember the "good times" and the workers are left with "how could they treat us like that? "...
selective memory on both sides ...
but if management thought it through ... no one leaves if they are happy and well paid ( unless you are one of the deadwood ) ... if people are leaving, management must be doing something wrong.
actually overheard the phrase being used " thought I was wrong once , but I was mistaken " ( actually his own words )