AT&T CEO John Stankey's memo addresses employee dissatisfaction highlighted in a recent engagement survey. Stankey candidly reflects on the alteration of the traditional employment model, particularly the waning sense of loyalty that once characterized corporate relationships. He explicitly outlines the shift away from employees' expectations of security and loyalty, labeling the previous 'employment deal' as outdated. Instead, he focuses on modern realities, emphasizing the need for transparency regarding career paths and mutual expectations between employees and the company.
Stankey acknowledges a shift away from traditional employment expectations, stating, 'Some of you may have started your tour with this company expecting an 'employment deal' rooted in loyalty. We have consciously shifted away from some of these elements.' His memo actively redefines loyalty and sets clearer expectations for employees within the changing landscape of corporate relationships.
In the context of modern corporate America, Stankey's candidness about the 'psychological contract' marks a significant evolution. He emphasizes the importance of transparency, stating that employees deserve clarity about what they can realistically expect regarding their career development and company commitments.
#employee-engagement #corporate-leadership #workplace-loyalty #psychological-contract #career-development
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