Corporate Social Responsibility
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Practices and policies undertaken by businesses, is based on ethical principles that takes social & environmental conditions into account, alongside economic impact to create an overall positive and sustainable impact.
Prioritizing CSR creates brand advocacy and can help attract talent whose core values align with your company, and increase their investment in the company. Thus, helping in reducing the rate of attrition. At the same time, companies should conduct surveys to understand what matters to the current employees and plan CSR initiatives accordingly. This will make employees realise that just like them, companies are also prioritising their opinions. Also, this keeps the overall work environment positive.