In the 1996 movie Jerry Maguire, Tom Cruise made the phrase “Show me the money” famous. In fact, the phrase has become an American icon in several ways.
Eleven years later, it appears candidates are saying “Show me the time.” Time off for family, friends and fun.
According to a recent survey by the Association of Executive Search Consultants, 85% of recruiters have seen candidates reject a job offer because it wouldn’t include enough work-life balance. And 90% of recruiters say work-life balance considerations are more important now than they were five years ago.
Information from other levels of employment – not just the executive levels – suggest exactly the same trend.
Recent assessment information also suggests this trend is gaining momentum in a BIG way. In addition to time considerations, we also see non-monetary compensation and incentives becoming more and more important – and specifically sought after by the most talented candidates.
It appears to be a good time to dust off the old compensation and incentive plans. Just in “time” to ensure attention from the most highly-talented candidates.