For this month’s HotC Highlight we’re sharing the video from our recent live webinar, which you can listen to below. We spoke to three companies about how responsible business activities can help your business to recruit and retain the best staff.
We know this is an issue close to the hearts of our members. It is the most often cited reason companies give for joining our flagship Foundation Programme.
Heart of the City members are all too aware that recruiting, hiring and training replacements is costly, high turnover can have a negative effect on company culture and means a loss of valuable knowledge. On the other hand retaining high performing employees is one of best competitive advantages a business can have.
This is one area in which responsible business activities can really help your business. 88% of millennials want to work for a socially responsible company according to Deloitte and 90% of prospective employees agree a company active in the community is likely to be a good employer (Social Market Foundation).
In our webinar we heard from BNY Mellon, Morgan Stanley and Fox Rodney Search about how responsible business activities can both attract the best employees to work at your firm and create a ‘sticky factor’ to encourage them to stay. All three companies included some great practical and low/no cost tips for smaller companies and those with limited resources.