How CEOs support and attract talent is changing because of the challenging global economy and CEOs’ growth goals. The employee value proposition to attract and retain the necessary talent is tied as the top operational priority to achieving their 3-year growth objectives (25 percent, up from 19 percent in 2021). As well, two-thirds of CEOs (71 percent) agree the ability to retain talent with the pressures of inflation/rising cost of living are top of mind, as are the long-term impacts to organizations from the pandemic and geopolitical tensions.
A business’s ESG approach is increasingly seen as a differentiator when it comes to attracting and retaining talent. Of the CEOs that mentioned they were seeing significant demand for greater ESG transparency and reporting, 26 percent noted the biggest demand was coming from employees and new hires. They also note that one of the primary downsides to not meeting ESG expectations is recruitment challenges (22 percent), right behind the ability to raise financing.
