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

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."

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[HBR IdeaCast podcast series]

HBR IdeaCast
Episode 893

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

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A conversation with HBS’s Amy Edmondson and INSEAD’s Mark Mortensen on thinking beyond stock options, bonuses, and remote work privileges.

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January 17, 2023

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.”

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This article is about TALENT MANAGEMENT

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Related Topics:

• Compensation and benefits

• Hiring and recruitment

• Remote work

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