Diversified Search / AltoPartners: Attracting Talent Beyond Just a Paycheck
Across generations, from post-Boomer to the Millennials, there are new expectations about what an organization's culture needs to look like. Now, they desire to have purpose and meaning in their careers along with being financially rewarding.
- According to the Bureau of Labor Statistics, the average length of stay of an American employee at their place of employment is currently 4.6 years
- Employees want to have fun, find value in their work, and look for a respectful and inclusive culture in the workplace
- Potential new employees assess a company in the same manner a company assesses them through peer-to-peer crowdsourcing and review websites
- In a study from Businessolver, 60% of respondents said they would be willing to take a pay cut to work for a company that was strongly empathetic
Thought leadership category