Thomson Reuters CEO Tom Glocer was recently a guest on The Bottom Line, a weekly radio program produced by the BBC World Service and The Open University.
Glocer, along with David Yarnton, general manager of Nintendo UK, and David Lynn, managing director of MTV Networks, UK and Ireland, talked with host Evan Davis about some opportunities and challenges they each face in the digital age.
Glocer talked about how Thomson Reuters provides information, to a variety of professions, and the competition for talent to deliver that.
“Whatever the form of distribution, however you go about creating content, software or increasingly the convergence of the content and the software, you need human beings,” said Glocer.
Glocer also spoke about the importance of retaining talented employees, no matter what your business does or who it serves.
“It’s not just about money,” he said. “[If you believe] money’s the only thing that motivates them, all of the research, all of my experience shows differently. In fact, what the best research shows is that the single highest correlating factor to retaining employees and job satisfaction is ‘my manager understands me, cares about me, maybe knows the names of my children, and is interested in my work and helps me achieve my goals’. But don’t try and pay me half the market rate.”
Audio of the full program is available through the BBC.
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