Friday, July 23, 2010

Corporate responsibility a must in retaining talent

It is by now an article of faith that employees who are skilled, creative and driven to satisfy customers are essential for differentiating a company from its competitors. Increasingly, success comes from being able to attract, motivate and retain a talented pool of workers. However, with a finite number of extraordinary employees to go around, the competition for them is fierce.

There is growing evidence that a company's corporate social responsibility activities comprise a legitimate, compelling and increasingly important way to attract and retain good employees. For example, in a bid to burnish their images as socially responsible companies and thereby attract and retain talent, CEOs of high-profile companies such as Home Depot, Delta Air Lines and SAP recently pledged to deploy millions of employee volunteers to work on various community projects. Their efforts appear to make sense: Jim Copeland, Jr., former CEO of Deloitte Touche Tohmatsu, puts it this way: “The best professionals in the world want to work in organizations in which they can thrive, and they want to work for companies that exhibit good corporate corporate culture..." Click here to read the full article.

1 comment:

Dr. Bruce Hoag said...

There are two indispensable ingredients for retaining talent. Fail at these, and the rest doesn't matter. Read about them at http://www.p-advantage.com/retaining-talent.html

Bruce Hoag, PhD, CPsychol
Work Psychologist