The evolving work landscape prompts reflection on job preferences and motivators. Purpose, work-life balance, and personal growth now drive employees, especially Millennials and Gen Z. Remote work has reshaped job expectations, with holistic experiences outweighing salary. Highly-skilled individuals are in demand, intensifying the competition for top talent. Companies face retention challenges due to changing priorities. How can business leaders address this challenge?
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The shift in the world of work over the past few years has led people to reflect on what they want from their job and the drivers that motivate them. Employees are seeking a greater sense of purpose and meaning in their job and Millennials and Gen Z employees value work-life balance and personal development opportunities more than previous generations.
The rise of flexible and remote working has seen people change locations and rethink their working patterns, looking for employers that suit their preferences. Salary is no longer the top factor for people choosing a job, instead, employees are looking for a holistic job experience:
In today’s environment, there is a demand for highly-skilled people, and the competition to attract and retain top talent is becoming a harder battle to fight.
Organisations face a challenge retaining their top talent due to a shift in priorities as employees are looking for a more comprehensive employee experience and employee value proposition, prompting them to explore other career opportunities. As a result, companies are now exploring new talent pools to find candidates that they can nurture and develop and taking time to strengthen their Talent Management Approach and Employee Value Proposition to attract, develop and retain top talent.
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