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Want to keep and attract employees? Consider all their experiences

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Enhance knowledge ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
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AN ARTICLE A DAY, PICKED BY OUR EDITORS
Looking to fast-track your career? On-the-job experience matters more than you think—and certain kinds of on-the-job experience matter far more than others. Credentials count, but new research suggests that almost half your lifetime earnings could be attributable to skills acquired at work. And making what experts Anu Madgavkar and Bill Schaninger describe as “bold moves”—taking on new roles that require you to stretch your skills and responsibilities—opens up possibilities that can reshape your future. Tune into a new episode of The McKinsey Podcast to understand what employees and leaders can do to identify and encourage these bold moves and create, in Madgavkar’s words, a “story of possibility… You can defy the odds.”
— Katherine Tam, digital editor, New York
Shot of a group of young businesspeople chatting while walking through the city
 
Learning and earning: The bold moves that change careers
McKinsey’s report on human capital highlights the importance of internal mobility in organizations. Here’s how to encourage your employees to try more new things.
Value employees’ experience
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Quote of the Day
“When I think about everyone else who has to deal with coming out, whether that be in a safe or unsafe environment, I recommend to just think about whether or not it's the right time for you, if the person you're coming out to will make you a better person, and be in the right company. But don't be afraid to do it if it's a safe environment.”
—David Baboolall (they/them/theirs), associate partner, on coming out to a manager in the latest episode of My Rookie Moment
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Up up and away   >
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by "McKinsey Daily Read" <publishing@email.mckinsey.com> - 06:19 - 19 Jul 2022