The Return Of Corporate Loyalty, '90s Style

With labor tight, employers are starting to do more to keep workers

Last year, Harry Cedarbaum was caught in a classic baby-boomer crunch. His parents, who live in Europe, developed health problems and needed help closing the family business. But Cedarbaum, a father of three with a demanding job as a management consultant at Booz, Allen & Hamilton Inc. in New York, simply had no time to help. So he signed up for a job-rotation plan Booz Allen had recently started, and in August, he was assigned to a stint as a recruiter at Columbia University, his alma mater. That has allowed Cedarbaum, 38, to work fewer hours and squeeze in trips to Europe to help his parents. "I get several headhunter calls a week, but I made a commitment to the firm, and they made a commitment to me," says a grateful Cedarbaum. "This loyalty is an incredible thing."

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