“Many companies over-focus on the monetary aspects of the employment value proposition when trying to retain R&D staff. However, value propositions based largely on base compensation do little to improve incremental effort or ‘intent to stay’ amongst R&D employees. In order to motivate and retain staff, pay close attention to the career preferences of critical R&D segments such as Ph.D. degree holders, women in R&D, overseas employees, and high-potential staff.” -CEB Views
These comments present insight into a growing shift in sustainable talent management. While our sustainability consulting has focused many of its previous writings to this subject, there is still much to learn about the interest and needs of the ‘next generation’ workforce. We return our attention to this challenge through the eyes of the Harvard Business Review.
Contained within the recent HBR post, Why Top Young Managers Are in a Nonstop Job Hunt, we find familiar business sustainability challenges and a unique perspective on potential solutions. As the article goes on to report:
“We asked young managers what their employers do to help them grow in their jobs and what they’d like their employers to do, and found some large gaps. Workers reported that companies generally satisfy their needs for on-the-job development and that they value these opportunities, which include high-visibility positions and significant increases in responsibility. But they’re not getting much in the way of formal development, such as training, mentoring, and coaching—things they also value highly.”
Our sustainability consulting finds that highly effective organizations in the current ‘talent-flooded’ climate recognize the resources of the future do not reside exclusively or even in a large part outside the walls of the current organization. Instead, these leaders are creating business sustainability cultures to define, retain and motivate their top internal eco-talent. Through consistent, clear communication and employee engagement, companies are creating an optimal mix of sustainable skills for the future.