Organisations should take a people-first approach to attract talent

To establish workplaces that attract talent, firms need to place employees first and adopt human-centric strategies in productivity and infrastructure, and employee engagement and culture, according to a report by Economist Impact, part of the Economist Group.

The US leads when it comes to establishing attractive workplaces, scoring above the global average, found the report, which gathered responses from 250 business executives from Australia, Germany, Japan, the UK, and the US.

In contrast, Japan is less certain about facilitating flexible working, or bolstering technological infrastructure, although 52% of Japanese respondents expressed optimism for flexible working arrangements in the future.

Ways to foster attractive workplaces include investing in digital tech that could foster collaborative and remote work, leveraging flexible work options to provide employees with more autonomy, upskilling and training existing workers, and prioritising diversity and inclusion initiatives.

READ: Navigating the paradigm of people and work

Naka Kondo, lead editor at Economist Impact, said, “Organisations must put their people first if they want to remain an attractive workplace. Digital technology will be the key resource for companies to facilitate and engage with existing and prospective employees’ changing demands and help to mitigate against an increasingly decentralised workplace.”

“Whilst companies globally are optimistic, they must ensure they continue to prioritise human-centric strategies in order to drive sustainable growth.”