Let’s look at the S, in ESG, as a workforce strategy. The social component of ESG is more important than trades to knowledge workers, covers all the ways companies ever. External pressures more than a paycheck are interact with their employees from investors to employee seeing big gains in productivity and the communities in experience demands and and overall satisfaction. Plus, which they operate. In other talent retention to facilitating ESG performance will become words, it is how a company thought leadership are taking increasingly important in treats and values people. center stage in strategic attracting and retaining For example, what are workforce conversations. talent as millennials and Gen the organization’s labor As the world reopens post- Z come to make up most management policies? Is it pandemic and o昀케ces go back of the global workforce. committed to product safety to full or part-time, and as and quality? What impact does leadership responsibilities and it have on the communities accountabilities grow, it’s time where it operates—are the for companies to lean into social e昀昀ects bene昀椀cial or adverse impact. Work continues to be to the local community? Do one of the places we spend most 14% its suppliers adhere to high of our time, and employees labor standards as well? are looking for connection and Today, creating a purpose- meaning in more ways and of companies with higher driven culture and establishing in more of their day-to-day ESG scores report higher activities. Companies that give 1 a purpose-driven business their employees, from skilled employee satisfaction. 2023 Benefits Trends: The evolving workplace 5