Money, Flexibility, Development? Figuring Out What Employees Really Value

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 17 January 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Even in a slowing economy, the battle to attract and retain talent persists. But employers need to look beyond what people are currently demanding — whether it’s higher salaries, more stock options or the flexibility to work from home. Studies show that, over the long term, employees also find value in aspects of work that they overlook in the short term, such as community and opportunities for growth. Professor Amy Edmondson and INSEAD associate professor Mark Mortensen offer up strategies for a holistic talent acquisition and retention strategy that incorporates more lasting benefits, even if workers aren't asking for them right now. Edmondson and Mortensen are the authors of the HBR article "Rethink Your Employee Value Proposition."

Transcript

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0:00.0	Today, the work employees choose to perform in an office space is different than what they
0:06.0	do remotely.
0:07.4	Forsight by court provides actionable insights about how to adapt your office space.
0:12.3	Learn more at the number 4 SIT by court.com
0:18.5	Are you trying to bring your leadership skills to the next level?
0:21.8	I want to suggest HBR's new podcast feed, HBR on leadership.
0:27.5	HBR editors like me hand-select the best leadership case studies and conversations from
0:33.1	across HBR's podcasts, videos, and beyond.
0:36.7	Listen for free to HBR on leadership wherever you get your podcasts, new episodes every
0:43.0	Wednesday.
0:55.6	Welcome to the HBR idea cast from Harvard Business Review, I'm Allison Beard.
1:07.0	One of the primary concerns for any manager, any team, any company is how to attract
1:12.1	and retain the best talent.
1:14.2	What can you do to persuade top people to join your organization instead of competitors?
1:19.4	Often, we focus on compensation, higher salaries, bigger bonuses, better stock options, more
1:25.4	recently flexibility has been top of mind.
1:28.6	Employees who can work remotely want that option.
1:31.4	But the two experts we have here today want employers to think more holistically, about
1:35.7	not just what workers say they want in the short term, but also the things they'll view
1:39.8	as long-term benefits.
1:42.0	Harvard Business School Professor Amy Edmondson, an in-siat associate professor Mark Mortensen,
1:47.4	wrote the recent HBR article, re-think your employee value proposition.
	...

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