ESG – A Key to Securing Talent – How It’s Changing Talent Needs

Any hiring manager or human resources officer will break it to you that during the extremely volatile labour market, hybrid work models, upskilling, or even bonuses are insufficient to retain talented workers, let alone attract and hire new ones.

To face the fiercely competitive market ecosystem, smart corporate establishments are required to rethink their human resource’s attract-and-retain policies. These thought leaders should recognize that appealing and holding the best talent pool is possible by setting audacious guarantees to positively rework company policies and performances against ESG affairs. Likewise, provide indications of the progress towards meeting those goals.

Presently, the shortage of acute skills is exerting significant influence over accessing the right talent, at the right time. Both, existing workers and prospective job seekers are looking to find and express their purpose – such a cohort is increasingly looking to work for employers sharing similar values. The values may symbolise a commitment to social impact, philanthropy, or sustainability.

As you would have thought, the ESG agenda has begun taking its toll on appealing and retaining talented people. Instead, they are now evaluating the social perception of prospective employers. The group assesses the brand's commitment towards promoting diversity, social mobility support, and/ or efforts carried out to accomplish a carbon-neutral status.

Once again, the “war for talent” has become the new normal, and businesses failing to provide socially-responsible evidence, demonstrating innovative thinking, care, or flexibility are poised to lose brilliant workers fast! For talent acquisition specialists, ESG commitment is not just an excellent instrument for expanding sales: it's also the right way to hire gifted talents.

Today, Millennials are placing significant emphasis on social responsibility. This working-class prefers serving employers aligned with the values they abide by. Henceforward, corporate establishments should start considering putting their money where their mouth is and make certain that an agile ESG framework dictates how business activities are being carried out!

ESG affairs are no longer considered as a second-thought reconsideration for global enterprises. These affairs are becoming more pivotal for a company's financial output and reputation. Moreover, abidance to these issues is proactively scrutinised by a number of stakeholders – clients, customers, rating agencies, investors, and employees.

In a nutshell, working on building a robust ESG framework becomes essential to attract and retain the global workforce.