Latest / Edan Haddock - Total Talent / When Salary Stops Working: What Candidates Really Want
Transcript
- 0:52SPEAKER_00: Hello and welcome to another episode of Eden Haddock Total Talent.
- 0:57SPEAKER_00: I'm your host, Eden Haddock, Head of Talent and People Experience at Movember.
- 1:03SPEAKER_00: As always, no guests, no sponsors, no vendor agenda.
- 1:09SPEAKER_00: Just one practitioner still on the tools, talking about talent, talent acquisition, workforce strategy, leadership, and the future of work.
- 1:19SPEAKER_00: And today I want to talk about something that sits at the center of almost every hiring conversation: money, salary, compensation, remuneration.
- 1:32SPEAKER_00: The thing we all pretend isn't the most important thing.
- 1:36SPEAKER_00: And the thing we we secretly know matters, right?
- 1:40SPEAKER_00: But I want to ask a different question today.
- 1:43SPEAKER_00: A harder question?
- 1:44SPEAKER_00: A more uncomfortable question.
- 1:47SPEAKER_00: What happens when money stops being enough?
- 1:53SPEAKER_00: Not because it doesn't matter.
- 1:55SPEAKER_00: Not because we've somehow transcended the need for income.
- 2:00SPEAKER_00: And not because we've all become enlightened.
- 2:04SPEAKER_00: But because eventually most people reach a point where another pay rise doesn't fundamentally change their life.
- 2:13SPEAKER_00: And that's where things get interesting.
- 2:17SPEAKER_00: Because I think talent acquisition has spent 20 years obsessing about compensation while largely ignoring motivation.
- 2:27SPEAKER_00: We've become brilliant at benchmarking salaries, fantastic at producing market insights, and excellent at understanding REM.
- 2:39SPEAKER_00: But I'm not convinced we've become equally good at understanding human beings.
- 2:46SPEAKER_00: And maybe that's the problem.
- 2:49SPEAKER_00: Because humans are complicated.
- 2:52SPEAKER_00: Humans are emotional, humans are irrational.
- 2:57SPEAKER_00: Humans don't always make decisions based on spreadsheets.
- 3:02SPEAKER_00: And if we're honest, neither do we.
- 3:06SPEAKER_00: So let me start with a confession.
- 3:09SPEAKER_00: I've never really been driven by money.
- 3:13SPEAKER_00: And before you start typing an angry LinkedIn comment and calling BS, let me explain.
- 3:19SPEAKER_00: I mean, money matters.
- 3:21SPEAKER_00: I've got a mortgage, I've got responsibilities, I've got bills, I've got all the realities that everybody else has.
- 3:31SPEAKER_00: This isn't some privileged argument that compensation doesn't matter.
- 3:35SPEAKER_00: It absolutely does.
- 3:38SPEAKER_00: But when I look back over my career, the moments that changed my life weren't driven by money.
- 3:46SPEAKER_00: The organizations I joined, the opportunities I accepted, the risks I took, the challenges I pursued.
- 3:56SPEAKER_00: These rarely came down to who offered me the biggest paycheck.
- 4:01SPEAKER_00: In fact, some of the most important career decisions I'd ever made weren't the most financially attractive.
- 4:11SPEAKER_00: They were the most exciting, the most meaningful, the most uncertain, and often the most uncomfortable.
- 4:21SPEAKER_00: And that's a strange thing when you think about it.
- 4:25SPEAKER_00: Because if salary was truly the thing that drove me, I should have made different decisions.
- 4:31SPEAKER_00: But I didn't.
- 4:34SPEAKER_00: And I suspect I'm not alone.
- 4:37SPEAKER_00: I think many people listening today would say the same thing.
- 4:42SPEAKER_00: When you think about the best role you've ever had, the role that shaped your career, was it the highest paying role?
- 4:50SPEAKER_00: Or was it something else?
- 4:54SPEAKER_00: The best job you ever had.
- 4:58SPEAKER_00: I want you to think about that for a moment.
- 5:02SPEAKER_00: The best job you've ever had.
- 5:05SPEAKER_00: Not the highest paying, the best.
- 5:10SPEAKER_00: The role where you felt energized.
- 5:14SPEAKER_00: The role where you felt valued.
- 5:18SPEAKER_00: The role where you learned.
- 5:21SPEAKER_00: The role where you grew.
- 5:24SPEAKER_00: The role where you looked forward to a Monday morning.
- 5:29SPEAKER_00: Why was it the best?
- 5:32SPEAKER_00: Was it the salary?
- 5:34SPEAKER_00: Or was it the people?
- 5:36SPEAKER_00: The leader?
- 5:38SPEAKER_00: The mission?
- 5:40SPEAKER_00: The culture?
- 5:42SPEAKER_00: The trust?
- 5:44SPEAKER_00: The opportunity?
- 5:46SPEAKER_00: The challenge?
- 5:50SPEAKER_00: Because I suspect most people don't tell stories about compensation.
- 5:57SPEAKER_00: They tell stories about experiences.
- 6:01SPEAKER_00: And I think that's incredibly revealing.
- 6:07SPEAKER_00: One of the biggest traps our profession falls into is confusing attraction with motivation.
- 6:15SPEAKER_00: Salary attracts attention.
- 6:18SPEAKER_00: But attention and commitment are not the same thing.
- 6:23SPEAKER_00: A salary might get someone to answer your call.
- 6:27SPEAKER_00: A salary might get somebody into an interview.
- 6:31SPEAKER_00: A salary might get somebody to consider an opportunity.
- 6:36SPEAKER_00: But does salary create engagement?
- 6:40SPEAKER_00: Does salary create loyalty?
- 6:44SPEAKER_00: Does salary create purpose?
- 6:48SPEAKER_00: Does salary create trust?
- 6:50SPEAKER_00: Does salary create belonging?
- 6:53SPEAKER_00: I'm not sure it does.
- 6:56SPEAKER_00: And that's where things for me become quite fascinating.
- 7:01SPEAKER_00: Because many organizations continue to spend enormous amounts of money trying to solve retention problems through compensation.
- 7:10SPEAKER_00: And yet people continue leaving.
- 7:13SPEAKER_00: They continue disengaging.
- 7:16SPEAKER_00: They continue burning out.
- 7:20SPEAKER_00: They continue quietly quitting.
- 7:23SPEAKER_00: Which suggests the problem might not actually be compensation.
- 7:29SPEAKER_00: Maybe compensation is just simply the easiest thing to change, but not the most important thing to change.
- 7:40SPEAKER_00: The thought that's been rattling around my head for the past few weeks is really maybe people aren't looking for more money.
- 7:48SPEAKER_00: Maybe they're actually looking for less misery.
- 7:51SPEAKER_00: Think about that.
- 7:53SPEAKER_00: Less misery, less bureaucracy, less politics, less micromanagement, less pointless meetings, less pretending, less performance, less theater, less corporate nonsense, and more trust, more honesty, more autonomy, more humanity.
- 8:20SPEAKER_00: Maybe that's the real battle happening in the talent market right now.
- 8:24SPEAKER_00: And maybe we've completely misunderstood it.
- 8:30SPEAKER_00: Now you've all heard about the Sunday night test, and it's my favorite test.
- 8:35SPEAKER_00: Forget compensation, forget benchmarking, forget EVP, forget employer branding.
- 8:42SPEAKER_00: Ask yourself one question.
- 8:44SPEAKER_00: How do you feel on a Sunday night?
- 8:48SPEAKER_00: Because that answer tells you almost everything.
- 8:52SPEAKER_00: Do you feel energized?
- 8:55SPEAKER_00: Excited?
- 8:57SPEAKER_00: Interested?
- 8:59SPEAKER_00: Curious?
- 9:01SPEAKER_00: Or do you feel dread, anxiety, frustration, resignation?
- 9:11SPEAKER_00: Because if somebody is lying awake on a Sunday night feeling miserable, an extra ten thousand dollars probably isn't solving the real problem.
- 9:21SPEAKER_00: And that's an uncomfortable truth.
- 9:26SPEAKER_00: I think salary has become what psychologists could describe as a hygiene factor.
- 9:33SPEAKER_00: When it isn't there, it's a problem.
- 9:36SPEAKER_00: When it isn't competitive, it's a problem.
- 9:40SPEAKER_00: When it isn't fair, it's a problem.
- 9:43SPEAKER_00: But once it reaches an acceptable level, something interesting happens.
- 9:49SPEAKER_00: Its power starts to diminish.
- 9:52SPEAKER_00: And other things begin to matter more.
- 9:55SPEAKER_00: Freedom, growth, purpose, leadership, belonging, identity, meaning.
- 10:05SPEAKER_00: That's where the battle is won or lost.
- 10:09SPEAKER_00: So I want to explore what those things are.
- 10:15SPEAKER_00: Not through the lens of theory, not through the lens of consultants, and certainly not through the lens of corporate buzzwords.
- 10:24SPEAKER_00: It's not my vibe.
- 10:26SPEAKER_00: But through the lens of what candidates actually tell us, what employees actually experience, what leaders often misunderstand.
- 10:37SPEAKER_00: And of course, what I've observed after working in talent across different organizations, industries, and countries, because I truly feel we're at a fascinating moment.
- 10:49SPEAKER_00: A moment where salary still matters, but salary alone is no longer enough.
- 10:56SPEAKER_00: And the organizations that understand what comes next will win.
- 11:01SPEAKER_00: And the organizations that don't simply won't.
- 11:06SPEAKER_00: And that brings us to what I believe has quietly become the most valuable thing in modern work.
- 11:13SPEAKER_00: And that's freedom.
- 11:15SPEAKER_00: Not flexibility, freedom.
- 11:19SPEAKER_00: And there's a massive difference between the two.
- 11:25SPEAKER_00: Freedom is the new currency.
- 11:27SPEAKER_00: We'll talk more about freedom, not flexibility, as I said, freedom.
- 11:33SPEAKER_00: Because I think we've spent years talking about flexibility when what people are actually looking for is something much bigger.
- 11:42SPEAKER_00: Control, agency, trust, ownership.
- 11:48SPEAKER_00: The ability to have some influence over how work fits into life.
- 11:54SPEAKER_00: And I think that's become one of the most powerful forces in the modern talent market.
- 12:01SPEAKER_00: Maybe even more powerful than salary itself.
- 12:05SPEAKER_00: Now, before anyone jumps in and thinks people have always wanted flexibility, sure.
- 12:12SPEAKER_00: Right, I agree.
- 12:15SPEAKER_00: But I don't think that's what's happening.
- 12:20SPEAKER_00: I really think something more fundamental has changed.
- 12:25SPEAKER_00: For decades, work was structured around control.
- 12:29SPEAKER_00: You arrived at a certain time, you sat in a certain place, you worked in a certain way.
- 12:37SPEAKER_00: And along the journey, we convinced ourselves that visibility was productivity, that presence equaled performance, that attendance equaled contribution.
- 12:52SPEAKER_00: But something happened.
- 12:54SPEAKER_00: We all know what happened.
- 12:57SPEAKER_00: And of course, at that point, people proved they could deliver outcomes without being watched.
- 13:05SPEAKER_00: And once people experience that freedom, it's very difficult to take it away.
- 13:13SPEAKER_00: Because freedom changes how people think about work.
- 13:18SPEAKER_00: The conversation shifts.
- 13:20SPEAKER_00: It stops becoming can I work from home?
- 13:24SPEAKER_00: And starts becoming, do you trust me?
- 13:28SPEAKER_00: That is a completely different conversation.
- 13:32SPEAKER_00: Because trust is emotional.
- 13:35SPEAKER_00: Trust is personal.
- 13:39SPEAKER_00: Trust is human.
- 13:41SPEAKER_00: And candidates feel it immediately.
- 13:46SPEAKER_00: One of the things I've spoken about before on this podcast is work-life integration.
- 13:53SPEAKER_00: Because I I am a true advocate for work-life integration.
- 13:58SPEAKER_00: Not work-life balance, integration.
- 14:02SPEAKER_00: Because balance suggests everything sits neat neatly in these separate buckets.
- 14:07SPEAKER_00: Work over here, life over there.
- 14:10SPEAKER_00: Never touching and never overlapping.
- 14:13SPEAKER_00: And to be honest, for most professionals, that's not reality anymore.
- 14:19SPEAKER_00: Certainly not in global roles, certainly not in talent.
- 14:23SPEAKER_00: Certainly not when you're supporting teams across multiple countries and multiple time zones, as I highlighted in a previous episode.
- 14:31SPEAKER_00: And I've lived that reality.
- 14:32SPEAKER_00: I'm living it now.
- 14:34SPEAKER_00: Many of you that listened reached out and they are living that reality as well.
- 14:40SPEAKER_00: You take a call early in the morning, you jump on another call late at night, you answer messages after dinner, you review something on a Sunday.
- 14:49SPEAKER_00: And that's been recruiter life for quite some time, if we're honest.
- 14:56SPEAKER_00: And it's not because somebody forced you to.
- 15:00SPEAKER_00: It's because that's the nature of the work.
- 15:04SPEAKER_00: The challenge isn't preventing overlap.
- 15:08SPEAKER_00: The challenge is creating sustainability.
- 15:13SPEAKER_00: And sustainability comes from control, not restriction.
- 15:18SPEAKER_00: I remember seeing the comments from our members in the talent, total talent community on Facebook discussing their global portfolios.
- 15:27SPEAKER_00: And there were stories of 12-hour days, 14-hour days, 18-hour days between the first call and the last call.
- 15:37SPEAKER_00: And what really struck me there wasn't the workload.
- 15:40SPEAKER_00: It was the loss of control.
- 15:44SPEAKER_00: Because high performers can handle hard work.
- 15:48SPEAKER_00: But what destroys people is feeling trapped.
- 15:52SPEAKER_00: Feeling like every one of those hours belongs to somebody else.
- 15:57SPEAKER_00: And feeling like they have no autonomy, no say, no ownership.
- 16:04SPEAKER_00: That's what burns people out.
- 16:07SPEAKER_00: Not necessarily the effort, but the absence of agency.
- 16:15SPEAKER_00: And this is where I think many organizations are getting attraction completely wrong.
- 16:20SPEAKER_00: They're advertising flexibility, but candidates are looking for freedom.
- 16:28SPEAKER_00: They're offering hybrid policies and putting that front and center.
- 16:32SPEAKER_00: But candidates are actually looking for trust.
- 16:37SPEAKER_00: You know, we're advertising about days in the office.
- 16:41SPEAKER_00: But candidates are actually asking themselves, will I be treated like an adult?
- 16:46SPEAKER_00: It's a big difference.
- 16:47SPEAKER_00: It's a huge difference.
- 16:50SPEAKER_00: And increasingly, I think candidates can feel that difference.
- 16:56SPEAKER_00: The strongest organizations I've seen don't obsess about where people work.
- 17:01SPEAKER_00: They obsess about what people achieve.
- 17:05SPEAKER_00: They focus on outcomes, not optics.
- 17:09SPEAKER_00: Contribution, not attendance, trust and not surveillance.
- 17:16SPEAKER_00: And the reason this matters is because freedom has become part of identity.
- 17:22SPEAKER_00: People don't want jobs that fit around work anymore.
- 17:26SPEAKER_00: They want work that fits around life.
- 17:29SPEAKER_00: That's a profound shift.
- 17:32SPEAKER_00: And organizations that don't understand it will increasingly struggle to compete.
- 17:48SPEAKER_00: If somebody can deliver from home, why must they sit in traffic?
- 17:54SPEAKER_00: If somebody consistently performs, why are we still measuring attendance?
- 18:02SPEAKER_00: Maybe the future of leadership isn't more control, maybe it's less.
- 18:07SPEAKER_00: Because the future belongs to organizations brave enough to trust their people.
- 18:13SPEAKER_00: Because freedom isn't a perk.
- 18:17SPEAKER_00: Freedom is becoming part of the employment contract.
- 18:24SPEAKER_00: Now, once people experience freedom, something else starts happening.
- 18:32SPEAKER_00: They begin thinking about growth.
- 18:35SPEAKER_00: Because when survival isn't the issue, and freedom isn't the issue, the next question becomes Am I still becoming somebody?
- 18:47SPEAKER_00: Gets really interesting.
- 18:51SPEAKER_00: Growth purpose and leadership.
- 18:57SPEAKER_00: I think growth is the most underrated attraction strategy in the world.
- 19:02SPEAKER_00: Not compensation, not culture, not employer branding, growth.
- 19:10SPEAKER_00: And here's why.
- 19:14SPEAKER_00: Most people don't leave because they're unhappy.
- 19:17SPEAKER_00: They leave because they've stopped moving.
- 19:20SPEAKER_00: They've stopped learning.
- 19:23SPEAKER_00: Stopped stretching, stopped evolving.
- 19:27SPEAKER_00: And human beings aren't designed to stand still for long.
- 19:31SPEAKER_00: We're wired for progress.
- 19:33SPEAKER_00: We're wired for development.
- 19:36SPEAKER_00: We're wired for momentum.
- 19:41SPEAKER_00: The problem is many organizations mistake retention for engagement.
- 19:47SPEAKER_00: Just because somebody stays doesn't mean they're thriving.
- 19:52SPEAKER_00: Just because somebody hasn't resigned doesn't mean they're growing.
- 19:58SPEAKER_00: And I think that's one of the biggest blind spots in talent today.
- 20:03SPEAKER_00: And I'm not talking about career pathways and advancing up the ladder.
- 20:08SPEAKER_00: Certainly not.
- 20:11SPEAKER_00: Think about the people you know who seem most energized in their careers.
- 20:17SPEAKER_00: What's usually happening?
- 20:19SPEAKER_00: They're learning, building, creating, expanding.
- 20:28SPEAKER_00: They're moving towards something.
- 20:32SPEAKER_00: And now think about the people who seem disengaged.
- 20:37SPEAKER_00: The people who appear flat.
- 20:39SPEAKER_00: The people who seem frustrated.
- 20:42SPEAKER_00: Often they've stopped growing.
- 20:45SPEAKER_00: The role hasn't changed.
- 20:47SPEAKER_00: The challenge hasn't changed.
- 20:49SPEAKER_00: Nothing is stretching them anymore.
- 20:53SPEAKER_00: And eventually boredom becomes louder than loyalty.
- 20:58SPEAKER_00: That's when people leave.
- 21:01SPEAKER_00: Not always for money, for movement.
- 21:08SPEAKER_00: I sometimes wonder whether we've accidentally created workplaces that are too comfortable.
- 21:14SPEAKER_00: And I know that sounds strange.
- 21:17SPEAKER_00: Because comfort sounds positive.
- 21:19SPEAKER_00: But comfort does have a shadow side.
- 21:23SPEAKER_00: Comfort can become stagnation.
- 21:26SPEAKER_00: Comfort can become complacency.
- 21:29SPEAKER_00: Comfort can become drift.
- 21:32SPEAKER_00: And before you know it, someone has spent three years doing the same thing and wondering why they feel stuck.
- 21:39SPEAKER_00: Growth is uncomfortable.
- 21:43SPEAKER_00: Growth creates uncertainty.
- 21:46SPEAKER_00: Growth creates challenge.
- 21:49SPEAKER_00: Growth forces us to become something different.
- 21:52SPEAKER_00: And deep down, I think we all know that.
- 21:56SPEAKER_00: And this is why opportunities win over compensation.
- 22:01SPEAKER_00: Because opportunity represents possibility.
- 22:08SPEAKER_00: I want to talk about purpose too, but this is where I want to be careful.
- 22:13SPEAKER_00: Because purpose has become one of the most overused words in businesses.
- 22:18SPEAKER_00: Everything is purpose.
- 22:20SPEAKER_00: Every organization has purpose, right?
- 22:23SPEAKER_00: Every presentation has purpose.
- 22:25SPEAKER_00: Every EVP now has purpose.
- 22:28SPEAKER_00: And yet many people still feel very disconnected from their work.
- 22:33SPEAKER_00: And why?
- 22:34SPEAKER_00: Well, it's because purpose isn't a statement.
- 22:39SPEAKER_00: Purpose is an experience.
- 22:43SPEAKER_00: People don't feel purpose because it appears on a slide or a poster on the wall.
- 22:50SPEAKER_00: People feel purpose when they understand why their work matters.
- 22:55SPEAKER_00: That's different.
- 22:57SPEAKER_00: One of the reasons I've really loved working with Movember is that connection to me is obvious.
- 23:04SPEAKER_00: You know, and it's obvious to all of us.
- 23:06SPEAKER_00: You can see it, you can feel it.
- 23:10SPEAKER_00: The impact is tangible.
- 23:13SPEAKER_00: But purpose isn't exclusive to charities.
- 23:17SPEAKER_00: You can find purpose in technology, healthcare, manufacturing, retail, logistics, recruitment, anywhere.
- 23:28SPEAKER_00: Because purpose isn't about industry.
- 23:31SPEAKER_00: Purpose is about contribution.
- 23:35SPEAKER_00: It's understanding how your work improves something for somebody.
- 23:41SPEAKER_00: That's what people are looking for.
- 23:44SPEAKER_00: Not slogans, but meaning.
- 23:48SPEAKER_00: And now let's arrive at leadership.
- 23:51SPEAKER_00: The most underrated EVP in existence.
- 23:54SPEAKER_00: I genuinely believe this.
- 23:57SPEAKER_00: The strongest EVP in the world can't survive a bad manager.
- 24:02SPEAKER_00: Think about that.
- 24:04SPEAKER_00: The strongest EVP in the world cannot survive a bad manager.
- 24:09SPEAKER_00: You can have amazing benefits, amazing branding, amazing working spaces, amazing technology.
- 24:20SPEAKER_00: But if somebody reports to a leader who destroys their confidence, trust, and energy, none of it matters.
- 24:29SPEAKER_00: Eventually they will leave.
- 24:33SPEAKER_00: Think about your own career.
- 24:36SPEAKER_00: I guarantee there are leaders you still remember years later.
- 24:42SPEAKER_00: Some inspired you, some changed.
- 24:49SPEAKER_00: Some changed your trajectory.
- 24:53SPEAKER_00: And unfortunately, some probably damaged your confidence.
- 24:59SPEAKER_00: Leadership leaves fingerprints long after somebody leaves an organization.
- 25:07SPEAKER_00: Which is why candidates are increasingly evaluating leaders and not companies.
- 25:15SPEAKER_00: People want to know who will I work for?
- 25:19SPEAKER_00: Will they support me?
- 25:21SPEAKER_00: Will they challenge me?
- 25:23SPEAKER_00: Will they invest in me?
- 25:26SPEAKER_00: Will they trust me?
- 25:29SPEAKER_00: Those questions often matter more than salary.
- 25:34SPEAKER_00: Because great leaders create growth.
- 25:37SPEAKER_00: And growth creates loyalty.
- 25:42SPEAKER_00: Which then brings us to perhaps the biggest shift of all.
- 25:46SPEAKER_00: The move from careers designed around jobs to careers designed around life.
- 25:54SPEAKER_00: I think we've entered the age of the lifestyle career.
- 25:59SPEAKER_00: And I don't mean that people are less ambitious.
- 26:02SPEAKER_00: I think the opposite.
- 26:04SPEAKER_00: People are becoming more intentional.
- 26:07SPEAKER_00: They're asking different questions, not what job do I want, but what life do I want?
- 26:14SPEAKER_00: And it's a big shift.
- 26:17SPEAKER_00: Because once somebody designs their life first, work just becomes one piece of that puzzle, but not the entire puzzle.
- 26:27SPEAKER_00: For decades, career success was relatively simple.
- 26:31SPEAKER_00: Aggression is in higher title, more money, bigger team, larger office, corner office if you were lucky.
- 26:38SPEAKER_00: Remember that?
- 26:39SPEAKER_00: That was the formula.
- 26:41SPEAKER_00: But today, not so much.
- 26:44SPEAKER_00: Somebody might choose flexibility over promotion, remote work over prestige, purpose over pay, balance over title, experience over status.
- 26:57SPEAKER_00: And that's not a lack of ambition.
- 27:00SPEAKER_00: It's a different definition of success.
- 27:04SPEAKER_00: I think our younger generations understand this instinctively.
- 27:09SPEAKER_00: But increasingly so do us older generations.
- 27:12SPEAKER_00: You know, people are asking, is this sustainable?
- 27:16SPEAKER_00: Does this align with my values?
- 27:19SPEAKER_00: Am I becoming the person I want to become?
- 27:22SPEAKER_00: Can I still have a life?
- 27:26SPEAKER_00: These aren't career questions.
- 27:28SPEAKER_00: They're human questions.
- 27:31SPEAKER_00: And talent leaders need to understand that, because candidates certainly do.
- 27:37SPEAKER_00: So we'll go back to where we started today.
- 27:40SPEAKER_00: I've talked a lot.
- 27:43SPEAKER_00: Money, salary, compensation.
- 27:47SPEAKER_00: The thing we spend so much time talking about.
- 27:51SPEAKER_00: So to summarize my view, salary matters.
- 27:54SPEAKER_00: It absolutely matters.
- 27:57SPEAKER_00: But salary is rarely the whole story.
- 28:00SPEAKER_00: Salary gets attention.
- 28:03SPEAKER_00: Meaning gets commitment.
- 28:06SPEAKER_00: Salary starts conversations, leadership sustains them.
- 28:11SPEAKER_00: Salary attracts people, but growth retains them.
- 28:15SPEAKER_00: So salary matters.
- 28:17SPEAKER_00: But eventually something else matters more.
- 28:22SPEAKER_00: So here's the challenge I want to leave you with today.
- 28:26SPEAKER_00: Imagine if salary disappeared tomorrow.
- 28:29SPEAKER_00: Imagine every organization paid exactly the same.
- 28:35SPEAKER_00: What would you compete on?
- 28:37SPEAKER_00: What would candidates choose?
- 28:40SPEAKER_00: Would they choose your mission, your culture, your leaders, your flexibility, your growth opportunities, your trust, your purpose?
- 28:52SPEAKER_00: Or would your EVP collapse entirely?
- 28:56SPEAKER_00: Because the only thing differentiating your organization is compensation.
- 29:02SPEAKER_00: If that is the only thing, that's not a talent strategy.
- 29:08SPEAKER_00: That's an auction.
- 29:09SPEAKER_00: And somebody can always outbid you.
- 29:14SPEAKER_00: The organizations that win the next decade will not necessarily be the ones paying the most.
- 29:22SPEAKER_00: They'll be the ones creating environments that people genuinely want to be part of.
- 29:28SPEAKER_00: Places where people can grow, contribute, belong, learn, lead, and importantly, build meaningful lives.
- 29:39SPEAKER_00: That's the future.
- 29:40SPEAKER_00: Not more money, but better work.
- 29:45SPEAKER_00: And maybe that's the real question, not what do candidates cost, but what do candidates value?
- 29:55SPEAKER_00: Because once salary stops being enough, that's the only question that really matters.
- 30:03SPEAKER_00: Thank you for joining me for another episode of Eden Haddock Total Talent.
- 30:08SPEAKER_00: If you've enjoyed today's discussion, please follow, subscribe, and share the podcast with others in the talent community.
- 30:15SPEAKER_00: Until next time, I'm Eden Haddock, and this has been Eden Haddock Total Talent.