What's even more important than work-life balance?

August 12, 2024
Min to read:

Imagine you had to pick between two scenarios:

  • A) Great work-life balance, but I don't learn new skills on the job
  • B) Poor work-life balance, but I learn new skills on the job

Which would you prefer?

Per our research, it turns out that both work-life balance and skill development are important for motivation, but on-the-job skill development has a much larger impact:

Despite this, most employees are not satisfied with the state of skill development in their organization:

  • 70% of employees feel they have not mastered the skills they need to do well in their job
  • 52% of employees feel they are in easily replaceable roles
  • 87% of executives feel that they have significant skill gaps (or that they will soon)

Neel recently spoke to the Global Society for Good Leadership about how to overcome this challenge and build an apprenticeship culture - you can watch below (skip to 41:16 if you're already familiar with the science of motivation). He also discussed which performance management systems are best and worst for motivation - ratings, rankings, competencies, commissions, and the rest.

If you want to make skill development easy for your org...

Factor Skill Checks put skill development on rails by reversing everything that's wrong with the way "development" is typically managed in organizations:

If you'd like to try Skill Checks by yourself or with your team, get in touch.

Originally published at:

Neel Doshi

Neel is the co-founder of Vega Factor and co-author of bestselling book, Primed to Perform: How to Build the Highest Performing Cultures Through the Science of Total Motivation. Previously, Neel was a Partner at McKinsey & Company, CTO and founding member of an award-winning tech startup, and employee of several mega-institutions. He studied engineering at MIT and received his MBA from Wharton. In his spare time, he’s an avid yet mediocre woodworker and photographer.

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