Why career development outranks salary

A panel of experts at C&IT's US Forum discussed whether personal development beats reward for retaining top talent.

Is career development more important than salary and perks in keeping the best performing talent at event agencies? This question was put to three agency panellists at C&IT’s US Forum, held at Chewton Glen.

Scott Cullather, CEO of INVNT said: "Compensation is obviously very important but if you can give high performers a belief and a vision that they can grasp onto, and allow them to grow into that, the perks and compensation will come along with it."

Ashfield Meetings & Events’ global marketing manager, Stephanie Gross, agreed, saying: "The salary has to come along with developing in your role and taking on new responsibilities."

Steve Perkins, MD of GOTO Events, added: "A lot of it comes down to the individual and what the individual wants. If somebody’s hyper-ambitious then career development is going to be important to them. The pathway and journey of where they can go have to be real. 

"You ask so many people why they left a particular job and they often say it’s because they were promised the earth and that there would be career development opportunities, but there weren’t. 

"There was a cap on their progression and the only way they could move up was if someone else left the organisation."

You can watch the full panel discussion in the video above. 

For more features and breaking news sign up to C&IT Magazine's daily Newstracker.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in

Will IMEX America go ahead in September?

Will IMEX America go ahead in September?

The annual event industry trade show takes place in Las Vegas, which is reopening its casinos today.

#BlackLivesMatter: The event industry needs to wake up

#BlackLivesMatter: The event industry needs to wake up

C&IT’s editor calls for the industry to respond to the issues raised by George Floyd’s death.

LIVE UPDATES: New Zealand could allow unlimited gatherings from next week

LIVE UPDATES: New Zealand could allow unlimited gatherings from next week

Find out which countries are on partial or national lockdown, what travel restrictions are in place and what size gatherings are allowed.

Bright lights, big city: A three-day immersive event in Shanghai

Bright lights, big city: A three-day immersive event in Shanghai

BCD Meetings & Events organised a conference for the APAC leadership team of a lighting manufacturer.

How to prevent video-conference fatigue

How to prevent video-conference fatigue

All Zoomed-out and WebEx-hausted? Here's some advice from the president of the International Association of Speakers Bureaus.

'Being bold involves risk and that’s OK'

'Being bold involves risk and that’s OK'

Creative director Robert Dunsmore says drive-in cinemas are a great example of repurposing old ideas to meet new challenges.

Maintaining two-metre rule when returning to work will be 'impossible'

Maintaining two-metre rule when returning to work will be 'impossible'

Guidance from health and safety body advises employers to assess risks to wellbeing as well as virus transmission when bringing employees back.

Nearly two thirds of event planners expect live events to return this year

Nearly two thirds of event planners expect live events to return this year

Most event companies will be running just a quarter of events planned for 2020, finds research by Global DMC Partners.

Freeman APAC appoints new head of creative services

Freeman APAC appoints new head of creative services

The award-winning creative will lead the agency’s experiential campaigns for the Asia Pacific region.

5 bad leadership habits to avoid when managing a team remotely

5 bad leadership habits to avoid when managing a team remotely

Don't let certain behaviours slip into your leadership style unchecked, says CEO of Authentic Change Solutions.