Why is it important to address this issue?
The ground has shifted in talent management over recent years. Faced with the reality of fewer upward promotions, limited pay rises and restricted bonuses, many organisations feel as if they are fighting a war with no ammunition.
A gap has developed between the desires and expectations of today’s talent and what many employers currently offer. New approaches are needed if we are to stop these cracks from becoming chasms. Organisations need to establish what work really means for their talented individuals and those they wish to attract.
Whilst money is important, research suggests that it is meaningful and challenging work which really drives performance. In order to compete in the competitive search for the best and brightest people, organisations need to identify new ways of rewarding and motivating those individuals who will lead them to future success.