Will praise replace pay checks in a future? There’s evidence we put more value on how we are appreciated at work than on our financial reward. Listen to the evidence behind this trend and what it will mean for the employer of 2050.
In this episode, Marissa is joined by Professor of Psychology and Behavioral Economics at Duke University and New York Times best-selling author Dan Ariely. His seven-year study of the Fortune 1,000 holds surprising insights into the prize for actively valuing employees more.
- Appreciating employees is not just about attracting and retaining talent: it is a more accurate predictor of share price performance than pay rates.
- These intrinsic, emotional rewards will matter more than extrinsic, financial ones.
- Businesses who learn to meet the emotional needs of their employees will be the winners.
- How will HR have to change to see this premium quantified and communicated in company performance?
The Talent Time Machine: Take the trip to work 2050. Powered by Cielo.