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As HR leaders work to balance retention with budgetary demands, the perennial question of what workers value more — tangible elements of the job, like a competitive salary and strong benefits package, or more intangible elements, like flexibility, a vibrant culture and empathetic leadership — rages on. The answer is likely more complicated than just one or the other.
For example, respondents to a September report from HP Inc. said they’d take a 11% pay cut for more empathetic leadership and above-average employee engagement and a 13% pay cut for greater flexibility. And last January, surveyed workers told security platform provider Cerby they would take a 20% pay cut for more trust from their employer.
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