Are Regulations Killing Jobs?

Chocolate or Peanut Butter? Cubs or Sox? Beer or Wine? Chocolate or Vanilla?

Conundrums have plagued humans for eons. Questions that can break up friendships. In some circumstances, it’s an easy choice – “Cubs, obviously!” Sometimes the answer is “Both! Reese’s – I’m looking at you!” In most instances, the answer is “Both!

To Regulate or Not to Regulate? Do Regulations Kill Jobs?

Like many things in life, the answer is not binary. Depending on who you ask, the answers range from “YES! More rules mean less profit, and that means cutting overhead (jobs)” or “Nope! It’s the cost of doing business.

If you are asking me, I am somewhere in the middle. I am a firm believer in making decisions based on purpose and impact. Meaningful regulations are critical to protecting and conserving our resources, both human and material.

While conventional wisdom claims that regulations and compliance hurt the economy, I contend anyone can appreciate the value of regulations when looking through the ESG lens. ESG (Environmental Social Governance) is a hot topic; you may have read some of my earlier posts and my coworker Cynthia Kaplan’s thoughts on the subject.

ESG compliance and reporting are fast becoming top priorities for executives.

According to the website RegASK, 29% of companies screened in 2021 include ESG metrics as part of performance compensation goals. That is a 7% increase since 2020!

Being a good corporate citizen is no longer a “nice to have”; it is imperative. Job seekers today value purpose and impact. Marketing communications firm CONE found that 64% of Millennials consider a company’s social and environmental commitments when deciding where to work. Also, customers are focused on working with organizations that strive to reduce their carbon footprint and enhance their connection to their communities.

Global legal strategy firm Morrison Foerster advises their clients to follow “roadmaps to adopt ambitious sustainability strategies that demonstrate meaningful impact while improving the bottom line.” Companies are scrambling to acquire talented leaders to help them build such roadmaps. They are making strategic decisions that help them enhance their employer brand.

Even traditionally “dirty” industries like energy and mining are jumping on the bandwagon.

Industry news website, Environmental and Energy Leaders reports ALL major oil and gas companies list ESG as a priority. Since 2021, 83% of the producers publicly share their GHG emissions. Some may speculate that it is just greenwashing the oil industry; progress and results must be transparent to overcome that stigma. In March of 2022, the Securities and Exchange Commission (SEC) proposed changes to reporting requirements related to Scope 1, 2, and 3 emissions impacts. The new requirements may be labeled as onerous. But I believe it will result in improved emissions and ensure that businesses will fully commit to their ESG pledges.

The public is insisting on transparent corporate governance.

As I have said, the trend is not going away. Business leaders, regardless of function, will need to layer in ESG strategies in all their departments. It is not enough to merely manage from the C-Suite, ESG efforts must be embedded in all levels of the organization. I suggest adding ESG goals to leadership development programs across all industries. Tomorrow’s leaders will have to embrace and foster compliance with environmental regulations. The future feels bright. Let’s continue the strides we’ve made.

Crafting an Interview Process That Identifies the Best Leadership Candidates

For any company seeking sustained success and growth, identifying the right leaders is one of the most important tasks. Yet finding talented individuals who can help take an organization to the next level is also one of the most challenging. A good process allows candidates to demonstrate their actual qualifications and potential while also giving the hiring team…

The Ultimate Guide to Finding the Right CTO for Your Startup

The Chief Technology Officer, or CTO, is one of the most essential hires any startup can make. The right CTO can transform your startup’s business, shifting focus from outdated conventional practices to bleeding-edge technology and analytics.

Moreover, your CTO will be an integral part of your leadership team and the face of your startup. Therefore, choosing the right fit is crucial.

How to Safeguard High-Performing Execs from Burnout Challenges

In the relentless pursuit of success, high-performing executives often find themselves on the precipice of burnout. Can these leaders sustain their peak performance without succumbing to the ever-present risk of burnout? To safeguard high-performing executives from burnout challenges, it is crucial to establish a…

The Future of Executive Leadership: Expert Insights Revealed

As remote and hybrid work models expand their reach, traditional hierarchical structures are evolving to leverage the unprecedented connectivity of today’s workforce. But how exactly are leadership priorities and skills adapting to these shifts? And what do business owners and HR leaders need to focus on to guide their organizations most effectively in uncertain times?

Top 5 Benefits of Executive Recruiting for Modern Companies

In today’s competitive business world, securing top talent is paramount to any company’s success. This is where executive recruiting comes into play. It can provide your company with benefits, such as access to the best-suited candidates, increased hiring efficiency, objective candidate evaluation, and employer brand development, to name a few.

Why are Leadership Recruiters Crucial for Organizational Success?

Leadership recruiters can provide invaluable insight into hiring trends, research candidates’ talents before they even apply, and assist in training your ideal leaders through their unique recruiting processes and expertise in human resource management. Let’s explore why enlisting the help of a specialized leader recruiter could be just what your organization needs.

How to Hire the Perfect CEO for Your Company in 5 Steps

Finding the ideal CEO for your organization is integral to long-term growth and success – this plays a huge role in the company’s overall culture and will shape its future. But the question is: how do you hire a CEO? Having an experienced, knowledgeable, and strategic leader at the helm can make all the difference in achieving professional goals. So, how do you find that perfect fit?

Unlocking Employee Retention: The Power of ‘Why Do You Stay?’©

In this era of extreme competition for top talent, companies are always on the lookout for ways to retain their most valuable players. To achieve this aim, it is crucial to comprehend the needs, aspirations, and inclinations of employees. Typically, engagement surveys are leveraged for this purpose. However, traditional surveys may not always deliver the insights needed to retain employees…

What Qualities Make a Great Architectural, Engineering, and Construction Industry Leader?

The architectural, engineering, and construction (AEC) industry is one of the most demanding fields; it takes exceptional leadership to excel in it. The need for effective leadership is critical in AEC, considering the risks and costs associated with projects. Companies that cannot identify, nurture, and…

How to Create an Effective Hiring Plan for Leadership Talent

In the business world, it’s no secret that the success or failure of any company largely depends on its leadership. Finding the right leaders who can steer your organization toward growth and prosperity can be daunting. But with a well-planned and strategic hiring process, you can increase your chances of attracting and identifying the best leadership talent.