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Compensation or validation: which matters more to employees?

Globoforces WorkHuman Research Institute surveyed 2,703 employed people to find out what factors kept employees staying with their current employer.

By Katie Kuehner-Hebert | Updated on November 09, 2017
Having a personal sense of meaning and being validated for it by both managers and peers trumps even pay in the minds and hearts of workers. (Image: Shutterstock)

Having a purpose at work – and being validated for that by both managers and peers – trumps even pay in the minds and hearts of workers, according to a report from Globoforce’s WorkHuman Research Institute, “Bringing More Humanity to Recognition, Performance, and Life at Work.”

The institute surveyed 2,703 employed people and found that having a personal sense of meaning in one’s work is even more important to respondents than compensation — salary, benefits, and other perks, which ranked as the third most important reason for staying. Also ranked above pay: serving on a team with members who are enjoyable to work with.

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Katie Kuehner-Hebert

Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

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