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According to new research from Robert Half, companies that do not prioritize Environmental, Social, and Governance (ESG) efforts could lose young top talent.
The report finds that 38% of employees would look for a new role if their company did not make an effort to address ESG issues, such as climate change.
Companies who overlook this aspect of operations are at increased risk of losing young employees, with 47% of 18 to 34-year-olds stating they would seek a new job if their employer ignored ESG initiatives.
As companies around the globe face labor shortages due to the Great Resignation, employers must find new strategies of attracting new talent.
In fact, 53% of respondents said they would never work for a company that they considered unethical regardless of salary, indicating that hiring bonuses and other cash incentives are not enough to retain and attract employees.
Among younger workers, 22% noted that corporate values are their leading concern when deciding on taking a new role, and 50% stated they research a potential employer’s values before applying for a role.
Not only do ESG efforts help make an impact on society as a whole, but companies that adopt these initiatives have a better chance of competing in the race for new talent.
