Episode 35
In this enlightening episode, Denise Chaffin hosts Beth Linder Bohm and Carl Vander Mandalay from Right Management to dive deep into their report, The State of Careers: Money Can’t Buy You Loyalty. Beth and Carl reveal surprising findings that challenge conventional beliefs about employee loyalty and engagement. They explore why pay and benefits are only part of the picture when it comes to retaining talent and building loyalty. Instead, factors such as career alignment, continuous development, and cultural fit often play a more pivotal role. Through an in-depth discussion, they examine career aspirations at different life stages, the true meaning of career progression, and why leadership rotation can impact job satisfaction. Tune in for valuable insights on creating workplaces that foster long-term loyalty by focusing on the diverse needs and values of today’s workforce.
Key Episode Segments:
- Career Development Beyond Salary: While pay remains essential, it’s not the primary driver of employee loyalty. Career growth, training, and a sense of purpose rank higher.
- Career Stages & Needs: Employees’ values evolve across career stages, with early-career professionals prioritizing skill-building and income, while mid-career professionals focus on purpose, and late-career individuals seek meaningful work.
- Career Lattice Over Career Ladder: Career development is less about upward progression and more about lateral movement and personal growth, emphasizing “fit” and “career lattice” over traditional advancement.
- Leadership & Engagement Gaps: There’s a notable disconnect between leaders’ and employees’ views on engagement, highlighting the need for leaders to foster a culture of support and development.
- Organizational Flexibility & Retention: Flexibility in roles and career paths is increasingly crucial. Employers can retain talent by aligning career opportunities with individual needs and preferences.