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employee development Tag

Last night I attended The Commonwealth Club Inforum’s event that honored Dave Eggers, founder of 826 Valencia, founder and editor of McSweeney's, and a renowned author. Dave was awarded Inforum’s 21st Century Visionary Award for his humanitarian work in helping children with their writing skills as well as to get access to college education.

A significant driver of employee engagement is having career advancement opportunities. However, our research shows that employees' satisfaction with their career advancement opportunities at their company is usually low. As many organizations are getting flatter and leaner, what can senior leaders and managers do to engage their employees?

A recent Corporate Executive Board (CEB) study of 983 employees in the financial industry found that compensation is not a key driver of employee retention although it has a very low satisfaction score (satisfaction with compensation ranked 35th out of 38 attributes surveyed). Before you roll your eyes and say “really?” Please pause and think about it. Who wouldn’t want to be paid more? And who would agree that they are compensated sufficiently even if they are well paid?