Search Results for: CSR

The weakness of purpose and the shift to problem-solving

The weakness of purpose and the shift to problem-solving

A man with purpose and a direct approach to problemsBlackRock is one of the largest asset management companies on the planet. Each year, at the start of January, the CEO Larry Fink writes a letter addressed to the other CEOs of the world. In his New Year’s letter for 2020, Fink appealed in particular to his fellow CEOs’ sense of social responsibility. In particular, he focused in on the risks faced by the climate. “Climate risk is an investment risk,” and he called on all companies, both public and private, to create greater societal added value. “Society is looking increasingly to companies to solve social and economic problems,” he concludes, so asset managers should be encouraged to invest in companies with a ‘purpose’. More →

Supplier codes of conduct can be ineffective in practice

Supplier codes of conduct can be ineffective in practice

A new white paper claims that while supplier codes of conduct are important, they are ineffective if their requirements are not met with actions to bring about transparency. To be effective, codes of conduct should support an authentic determination to embed company values and to foster strong business relationships that encourage honest communication and transparency that include monitoring the effectiveness. More →

Trust from the boss outweighs all other factors for employee happiness

Trust from the boss outweighs all other factors for employee happiness

Trust

While some organisations have welcomed remote working with open arms, other employers have struggled to trust their employees to work autonomously with some even ramping up on surveillance to track exactly what their workforce is doing. This may however be problematic for organisations looking to attract and retain talent as, according to a recent report from UK-based tech-for-good developer, Culture Shift, almost all (93 percent) of Britain’s workforce say having an employer that trusts them is important for their overall happiness at work.  More →

An opportunity to take business relationships with charities to a new level

An opportunity to take business relationships with charities to a new level

COVID-19 can be a catalyst for transforming how businesses and charities collaborate, with significant benefits for both. Companies and charities working together is nothing new. For many years Corporate Social Responsibility has had a place on the business agenda, as a means of doing some good while boosting companies’ reputations in the process. More →

Many workers believe leaders fail to understand their challenges

Many workers believe leaders fail to understand their challenges

One in five (21 percent) UK workers have admitted that their senior management teams do not understand the general challenges they regularly face. That’s according to new research from employee experience consultancy Qualtrics, which conducted a study of 500 UK employees about their views on workplace initiatives and the importance of CSR. More →

Family firms focus more on corporate social responsibility

Family firms focus more on corporate social responsibility

corporate social responsibilityCompanies owned by families pay more attention to issues of corporate social responsibility (CSR), such as sustainability and environmental issues, according to research from Vlerick Business School, but the research also found that attention to CSR decreases as the company is handed down to the next generations. Dr. Kerstin Fehre, Professor of Strategy at Vlerick Business School, alongside Dr. Florian Weber from the Karlsruhe Institute of Technology in Germany, studied family firms and the attention they gave to CSR compared to non-family firms. The study, published in the journal Business Ethics: A European Review, used over a hundred of the largest HDAX listed companies in Germany and analysed messages to shareholders published in annual reports. More →

The future of work will be defined by four models, claims RSA

The future of work will be defined by four models, claims RSA

The RSA’s Future Work Centre has released research that models four ‘futures of work’ by 2035 – and claims to show how out of touch politicians are with changes in the workplace. The report, published in partnership with Arup, claims to avoid the usual sensationalism around topics such as automation, the Internet of Things, surveillance, gig work and AI to establish what workers can expect in the workplace in the near future. The report applies morphological analysis  to generate its four models of work.

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UK workers demand better remote working options, claims Airbnb report

UK workers demand better remote working options, claims Airbnb report

UK employers need to provide more flexible and remote working options in order to attract the best talent, according to new research released by Airbnb for Work. Airbnb’s Future of Work report, the first of its kind from the platform, has revealed that the modern trend of remote and flexible working shows no sign of slowing down, and companies embracing this change stand to make the best hires. Workers in the UK are demanding more flexibility than ever, with 77 percent of respondents – and 84 percent of Millennials – agreeing that companies need to provide more remote options to attract talent.

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Business leaders struggling to keep up with demands of individuals and technological developments in the workplace

Business leaders struggling to keep up with demands of individuals and technological developments in the workplace

Organisations are struggling to keep pace with workplace shifts including skills gaps, the development of artificial intelligence, the demands of employees and new social expectations, according to the latest Human Capital Trends report from Deloitte. In its 2018 edition, The Rise of the Social Enterprise, Deloitte focuses on the growing expectations of individuals and the pace at which technology is shaping organisations’ human capital priorities.

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New analysis reveals shrinking pool of younger workers in the UK workforce

New analysis reveals shrinking pool of younger workers in the UK workforce

New analysis reveals shrinking pool of younger workers in the UK workforceAn increase in the number of UK-born employees leaving the UK’s workforce, either through retirement or emigration is coinciding with a shrinking pool of younger workers, which a fall in immigration can no longer fill, a new report warns. An analysis of the UK’s workforce showed that the UK’s workforce grew in 2016-2017 only because of an increase in EU and non-EU workers. Mercer’s Workforce Monitor showed that retirement, opting out (i.e. due to caring responsibilities) or emigration saw around 143,000 UK-born employees leave the UK workforce with the loss of workers only being offset by the entry of around 147,000 EU-born workers and around 232,000 Non-EU workers.  In sum, the UK’s workforce grew by an estimated 234,000 over 2016-2017. From Q1 2016 to Q1 2017, the number of workers over 50 in the UK economy grew by 230,000, the under 35’s grew by 50,000 while the number of workers aged 35-49 shrunk by 48,000. According to the analysis, if net migration into the UK levels off at 100,000 per year from 2020, the number of under 50s in the workforce will fall by 200,000 by 2025; the over 50s would increase by over 1 million while the number of under-25s in the population would fall by 100,000. This means apprentices and graduates numbers will be less.

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Millennials most likely to have left their jobs by the end of this month 0

An exodus of staff is expected at the end of June, claims a new study which predicts that 36 percent of employees will have left their jobs by the end of this month. Research from Robert Half UK entitled: ‘It’s time we all work happy: The secrets of the happiest companies and employees’ finds employees in London and the East of England are most likely to have left their roles by the end of June with nearly half of Londoners (49 percent) and 42 percent of those in cities like Cambridge, Norwich and Peterborough admitting they anticipate quitting their jobs in the first six months of the year. This trend is being driven by the millennial generation (aged 18–34), who despite experiencing above average levels of happiness (71.7) and interest (71.3) in their roles, are more likely to have left their jobs (49 percent) compared to a third of 35–54 year old’s and a fifth (21 percent) of those aged over 55. More →

Corporate responsibility now essential to attract and retain millennials

Corporate responsibility now essential to attract and retain millennials 0

carrotCorporate social responsibility is no longer seen as more than a nice to have, with those working within the built environment for example, appreciating the role it has in reducing greenhouse gases. But it is also being increasingly seen as a positive way of attracting and engaging the right talent. Now according to a new survey carried out in the US, meaningful engagement around CSR is becoming a business – and bottom line – imperative, impacting a company’s ability to appeal to, retain and inspire Millennial talent. Three-quarters (76 percent) of Millennials consider a company’s social and environmental commitments when deciding where to work and nearly two-thirds (64 percent) won’t take a job if a potential employer doesn’t have strong corporate social responsibility (CSR) practices, according to the 2016 Cone Communications Millennial Employee Engagement Study. Because the millennial generation are the most likely to blend their personal and working lives, it’s more important to them than other generations to view their job as a way to make a positive impact on society, the study suggests.

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