On Monday my colleague Philip Tusing, co-author of the Sources of Talent Report, released his latest report, Executive Monitor. An eye opening look at what 1,332 executives are thinking in Australia about all sorts of different topics from compensation, education, recruiters and personal branding.
Philip gives a great run down on the key findings on his site, so go read them there as I do not plan to reproduce them here. Instead I wanted to look at what the results mean to me.
I see the key issues from the report being how do employers keep their senior employees both engaged, motivated and working towards the goals of the organisation, instead of just their own personal goals.
Another message from the report I found was that Australian executives are motivated primarily by money and their own success. While this is not necessarily a bad thing, and nor is it limited just to the executive ranks, I think some of the key findings show us a fairly dangerous future.
The number one trigger for a change in job is not growth, development, experience, cultural fit or anything that a majority of HR interventions focus on it is money at 30%. With almost 80% of these employees expecting yearly pay rises between 6 – 10%, way above inflation, and almost 70% see salary as the primary reason to do a good job.
Further concerns are found in the expectations and intentions of these executives. Work life balance while a stated value by the survey respondents was not a primary driving factor when undertaking a job search, money was still number one. All is not good on the branding side either with 90% of executives felt that personal branding was more important than developing that of their employers.
So where do I think this leaves HR? With massive opportunity.
What are your thoughts?