This January our 2022 look ahead webinar asked what's important in the future of business, and what can you as a business leader do to prepare. Here’s 13 actions taken from the webinar that you can work on this year to make it a success for your business.
Increasing wages is not possible for every company and it’s no longer enough to attract the talent you need. Businesses need to think more holistically about their Employee Value Proposition (EVP) - exploring non-cash benefits and being more creative. Examine your EVP to work on retaining the talent you have. Invest in skills across the whole of your workforce, including leadership teams.
Attract new talent in ways that your competitors aren’t. People want to work for a company that will allow them to grow and thrive and do brilliant client work.
Hold the mirror up and do a maturity assessment around how your leaders think about inclusion and diversity and ESG (Environmental, Social and Governance) and help them to set real plans.
Explore how you can use remote and hybrid working to improve your organisation’s performance, employee engagement talent retention, and diversity.
This can be approached through the actions of your leaders. If they’re serious about mental health and are role modelling the prioritisation of their own health, it will give people the permission to prioritise this for themselves, and help build resilience and deepen trust. This year, you should focus on:
Many areas of your business will be aspects that can add to growth.
Ensure you can trust the data in your business to make best informed decisions, and that you can act quickly. You might need to think about the skills required by your people to achieve this.
Companies will have to navigate the growing burden of red tape. Alongside further Brexit changes, you can expect new legislation on areas such as audit reform, reporting requirements, and further measures to deliver newly agreed goals on climate change.
Understand it is not an overnight fix, it's a journey and be transparent around your plans on sustainability and how you will achieve the commitments made. Prepare detailed transition plans, and disclose your current and planned activities to achieve the goals and targets including qualitative factors.
If you need to adapt them to further regulatory requirements and as further specific data becomes available.
Understand the long-term return and short term gains that sustainability can do for you, including remaining competitive and attracting talent. Formulate clear KPIs and targets as this will be crucial to long term success.
Because if you aren’t already, your stakeholders will be. Your suppliers, customers, employees, shareholders, and regulators will start wanting to see action. You need to manage the awareness and education across your business around sustainability.
Work with suppliers and other business partners to understand their current and future sustainability plans, and how they will support you in your sustainability journey.
Watch the webinar on demand to find out what our expert panel had to say.
