The workplace of the future will be the most diverse the world has ever seen. According to the Oxford Economics report on Workforce 2020, multiple generations working together will have different skills, experiences, habits and motivations.
High performers are more concerned about base pay and bonuses than lower performers and also want more frequent feedback from managers. High performers are slightly less likely to relocate for a better job however, so as companies fight to get those high performers, they will need to consider the relocation packages they offer and make them more competitive.
Ultimately, every business wants to keep their best performers. Understanding what they want and need is critical to future business success.
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