At a time of labour shortages and rising wage demands, implementing workforce ESG strategies can make an employer stand out to prospective staff and help them retain existing colleagues. The CBI recently reported that three quarters of UK businesses have been affected by labour shortages in the past year. Many companies have responded by increasing pay to retain existing staff and attract new recruits. But with companies facing spiraling energy costs, and inflationary pressures mounting, increasing the wage bill may no longer be a viable solution.

An alternative approach involves a greater commitment towards ESG (environmental, social and governance issues) where research shows that it can be a valuable tool in attracting and retaining employees.

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