Leahruth Jemilo, Head of ESG Advisory, wrote an article that explores the increasing focus of CFOs on the Social component of ESG that was featured in today’s FEI Daily.
“Employing a well thought out and inclusive talent management plan as part of your holistic business strategy can prove to be a competitive advantage, setting your organization apart from its peers,” Jemilo wrote.
Here are three key priorities related to the Social component of ESG for attracting, retaining and engaging key talent:
- Employee retention saves the bottom line: an ESG strategy can help reduce turnover, which has both tangible and intangible costs.
- Access to the best and brightest is essential to both short and long-term value creation: creating an environment where employees see themselves represented across the workforce can lead to a sense of greater inclusion and belonging.
- Engaged employees contribute more significantly: The Great Resignation has employees reflecting in a new way about what they want out of their work lives, whether it’s a more flexible schedule or something more purpose-driven.
With the war for talent upon us, elevating the Social component of ESG and incorporating a human capital management strategy are integral to long-term value creation.
To read the full article, click here.
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