Employee engagement and satisfaction is a hot topic in the sustainability space right now, but some companies may still find themselves asking: What is a happy employee really worth? Well, quite a bit actually. To prove it, this week we rounded up five reasons for companies to start caring about employee satisfaction. (If you can’t keep your eyes off the clock, feel free to ‘accidentally’ leave this article in the office copy machine.)
Category: New Economics
This category is about the relation between business economies and sustainability and CSR. Company economies have great impact on how much effort they put into their CSR strategy and incorporating green strategies can have an effect on company growth.
The days of professional headhunters may not be coming to a close, but if NRG’s newest personnel search is successful, there may be a new approach in swing. The energy company is on the lookout for a president for NRG Home, and it’s offering $100,000 to the person who comes up with that perfect referral.
Can we afford to eat beef? Supermarket prices may suggest so, but our ecological footprint is another matter, say researchers. And what about raising cows for dairy? It’s better, but it still comes with its own costs.
Culture determines the varying boundaries of what constitutes “equal shares.” And who is “equal” in status. In our own society, popular opinion may accept a certain unequal ratio between CEO pay and the average pay of other workers, but not beyond a given point. In the 1970s, management specialist Peter Drucker advised companies to stick to a ratio of 20-to-1 between CEOs and average worker pay, to avoid resentment. The average is currently at 273-to-1.
Recent revelations of NSA spying, laws that prevent IT companies from protecting the confidentiality of customers’ information and data hacking are driving clients to move their company data out of the U.S., a step that some experts say will cost the country billions of dollars in the near future.
Corporate responsibility advocates were quick to label the story a win from a stakeholder engagement standpoint, and it surely shows what can happen when consumers take action. But it also begs the question: Why Walgreens?
The Genesis Generation Challenge aims to identify and provide $1 million in seed money for innovative projects to address the world’s toughest challenges.
“The 20th century economy was powered by big corporations that standardized everything because they never really knew their customers,” explains Brian Chesky, the 32-year-old founder of sharing economy darling AirBnB. “The 21st century economy will be powered by people.” Once again, it’s time to adapt or die.
There’s more to this story than just calorie, fat and sodium accounting. Here are four lessons we can learn from last week’s news.
I’ve worked with many companies on stakeholder engagement and help many of them understand activists and activist campaigning — and they are as guilty of getting it wrong as the activists themselves. No, I take that back. They get it wrong more often than activists. Let me share one thing that every company consistently gets wrong: Activists do it for the money.
The concept of impact investment — which has the explicit purpose of supporting economic and community development — is receiving a growing amount of attention from an increasingly diverse set of financial players. This emerging trend is one of the most exciting and potentially problematic, trends I’ve seen over the last decade.
Earlier this summer, the Global Reporting Initiative welcomed a new chief executive. I was privileged to chat with Michael Meehan on the phone about his thinking.
The point is that the Libertarian view of big government and massive government intervention as the source of all evil is not realistic or grounded in the way a complicated and globalized world works.