HBR IdeaCast Money, Flexibility, Development? Figuring Out What Employees Really Value
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Jan 17, 2023 Join Harvard Business School's Amy Edmondson and INSEAD's Mark Mortensen as they delve into the evolving landscape of employee value. They discuss how higher salaries aren't the only draw; long-term benefits like community, growth, and flexibility are increasingly vital. Their insights reveal how organizations can tailor their strategies to meet diverse employee needs and thrive in a changing economy. The conversation highlights the importance of transparency, personal development, and adapting to remote work dynamics for effective talent retention.
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Focus on Long-Term Needs
- Don't solely rely on asking employees what they want in the short term.
- Consider their long-term needs for engagement and growth.
Overlooked Long-Term Benefits
- Employees often prioritize immediate desires like salary and flexibility.
- They overlook long-term benefits like meaning, purpose, and growth.
Strategic EVP Design
- Design your employee value proposition strategically.
- Consider material offerings, growth opportunities, community, and organizational purpose.