However, the study also revealed the fickle nature of loyalty in the workplace, with 52 per cent of respondents admitting they’d feel more loyal if they were given a pay rise or promotion. Meanwhile 18 per cent would trade loyalty in return for more training and personal development.
But it’s not just money or an investment in personal development that fosters employee to employer loyalty. More than a fifth said that if they felt more appreciated by their boss then they’d feel more loyal in return.
In fact, 18 per cent would trade loyalty in return for better training and personal development, while only nine per cent of admitted that there’s nothing that can be done to change how they feel.
The size of the company also has a major bearing on how loyal employees feel. In small businesses (1-20 staff) 79 per cent of the employees feel loyal, but in slightly larger companies (51-100 staff) loyalty decreases significantly to just 54 per cent of staff.
The regional picture also reveals some interesting trends. Notably, in the South East, where jobs are more plentiful and wages higher than for the rest of the country, loyalty is at its lowest point with 42 per cent of employees feeling no loyalty to their boss. Wales came out top with 73 per cent of workers feeling loyal.
Finally, although the margin is only small, 67 per cent of women admit to feeling loyal to their boss compared with only 64 per cent of men.
While money will always be the great motivator, what men and women want from the workplace is interesting. After money, 21 per cent of men said that better training and personal development would change how loyal they felt, while 22 per cent of women said appreciation and acknowledgement would work for them.
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