Final answer:
The type of organizational commitment where an employee stays with a company because they want to is called affective commitment. It is characterized by an emotional attachment to the organization and is distinct from continuance and normative commitment, which are based on costs of leaving and a sense of obligation, respectively.
Step-by-step explanation:
The type of organizational commitment indicated by the statement "I choose to stay with this company because I want to," is known as affective commitment. Affective commitment refers to an employee's emotional attachment to, identification with, and involvement in the organization. Employees with a high level of affective commitment continue their employment with the organization because they genuinely want to, not because they feel they need to or ought to. This form of commitment can be contrasted with continuance commitment, where the employee remains with the organization due to perceived costs of leaving, and normative commitment, which is characterized by a sense of obligation to stay.
Organizations rely on various types of commitment to maintain a stable workforce. For example, normative organizations like voluntary groups are joined on a volunteer basis, providing intangible benefits and shared interests. In contrast, utilitarian organizations are joined for material rewards, and individuals are typically more focused on these tangible outcomes when considering their commitment to the organization.