If you’re serious about ESG, you need to get serious about your Employee Experience
There's beginning to be a lot of talk about Environmental, Social and Governance (ESG) within business. It’s no wonder as many won't invest in an organisation or join one if they're not satisfied with how these are handled. How you approach the Employee Experience at an organisation will have a huge impact on how the Social element is rated.
What does the ‘Social’ mean?
The Social in ESG refers to the relationships between the organisation and its employees and the communities in which they serve. So, if a potential investor or a potential employee aren't satisfied that these relationships are healthy, they may not become involved with the organisation. (Factors relating to Environment and Governance will also have an impact on decisions.)
How is it measured?
This depends upon the individual investor or potential employee, but on the employee side, it could include things like:
- Purpose of the business
- Human Rights record
- Health and Safety records
- Employee Turnover
- Equity, Diversity and Inclusion approaches and statistics
- Trade Union relationships
- Employee Satisfaction statistics
- Brand Reputation
How can mojo support with Social?
Mojo is all about creating a happy and productive workforce, boosting wellbeing, and building resilience. It will improve employee satisfaction, reduce sickness and absence, improve retention, enable employees to feel like they belong, and much more. Also, the fact that the organisation has mojo is proof that it invests in its people and takes its social commitments seriously.
So, for less than the price of a cup of coffee per employee per week, you can not only help employees to find their happy place, but also support with attracting either investors or new talent… or both!