CSR is important for several reasons:
It helps with employee retention: CSR initiatives help businesses and their employees determine whether their organization respects their HR procedures and honors the promises they make in their employee handbook. They can also make the employees see the company more favorably, which can lead to increased job satisfaction and retention.
It aligns with regulatory compliance: CSR programs are HR policy must-haves for businesses operating in fields with fast-changing regulatory systems.
It leads to better brand reputation and relations: Companies with successful CSR programs have stronger brand images and gain positive media coverage, which improves their relations.