Online salary, benefits and compensation information company, PayScale has compiled a top 20 list of the most and least loyal employees in the Fortune 500 companies.
Payscale’s report recorded data collected from 250,000 people working at Fortune 500 companies in the past year (July 1, 2012 to July 1, 2013).
“Once upon a time, it was common practice for somebody to dedicate most of their career to one company in exchange for a gold watch and a swanky retirement party,” PayScale said.
However, according to PayScale’s data, on average the typical employee stays at a company for just 3.68 years.
“Overall, employee loyalty is not what it used to be,” said Katie Bardaro, lead economist at PayScale speaking to BusinessInsider.
“Numerous studies have put employee loyalty to companies at an all-time low and we see this in our data. Less than 10 firms on the list have employees with tenure of 10 years or more.”
She noted that tenure – which indicates how much time an employee is at a company – is not a true measure of loyalty, and includes more personal measurements such as pay, company culture and policies.
“It’s about job satisfaction and what you would give up to stay with the company,” she said.
Least loyal employees
Massachusetts Mutual Life Insurance Company has the highest turnover, according to PayScale, with employees staying for an average of nine months.
Most loyal employees
According to PayScale, Kodak tops the list for most loyal employees, with the median worker tenure lasting as long as 20 years.