Company leaders and institutional shareholders aren't on the same page about how much to prioritize talent acquisition and retention, a new study by the EY Center for Board Matters warned.
EY said that its survey of institutional investors who represent $50 trillion in assets found that most want companies to focus on attracting and retaining talent in 2024, with nearly two-thirds saying that should be the top priority for company boards.
"A few of these investors cited the recent strikes and collective bargaining efforts in various industries and suggested they are a signal that the paradigm of maximizing profits at the expense of worker satisfaction is being significantly challenged," wrote Jamie Smith, the investor outreach and corporate governance director for the EY Americas Center for Board Matters.
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Hugo Guzman
Hugo Guzman is a reporter on ALM's in-house desk based in California, covering legal departments at disruptive technology companies, as well as labor and employment issues involving the NLRB, EEOC and other regulators. Connect with him at [email protected] today.
