Meet the psychological needs of your people – all your people
McKinsey,
2022
Recommendation
What motivates employees to stay with a company? According to an international survey of 50,000 workers, the majority of them, even those in the lowest-paid positions, value psychologically satisfying work more than high income. Thus, McKinsey researchers Tera Allas and Brooke Weddle prompt companies to go beyond improving pay and benefits, and to start satisfying the psychological needs of all employees – not just those at the top. Meeting these needs will lead to higher profitability and productivity, as well as improved employee retention and recruitment.
Summary
About the Authors
Tera Allas is the director of research and economics at McKinsey & Company. Brooke Weddle is a partner at McKinsey & Company.
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