Healthier employees are more productive and engaged in their work. They are less likely to call in sick or use vacation time for illnesses. They also perceive their companies as invested in their well-being and as more attractive places to work. However, the risks of an unhealthy workforce are as significant and numerous as the benefits of a healthy one.
Topics: Employee Health and Wellness
Today’s corporate citizenship reports are more engaging and relevant, and are communicating the positive environmental, social, governance, and business value that companies are creating. A corporate citizenship report was once a nice to have; now approximately 93 percent of the Global 250 issue them.
The following is excerpted from Issue 15 of The Corporate Citizen. To learn more about how you can engage your employees and contribute to your communities through employee volunteering programs, consider joining us in Chicago on September 7-8, 2016 for our Employee Volunteer Programs with Purpose course.
Community involvement efforts—once a way for well-intentioned companies to connect with people in their area—are now an essential part of corporate citizenship programs and have evolved to become a strategic component of business.
Topics: Member Spotlight
“If you can’t explain it simply, you don’t understand it well enough.”—Albert Einstein
What did Einstein mean by this? There have been two spins on this statement. The first being that some things are too complex to be understood fully and thereafter simplified and the second being that real understanding allows us to focus on what matters and describe the problem to be solved.
Why is this relevant to the corporate citizenship practice? Our work context is incredibly complex. The arenas routinely touched by corporate citizenship programs include the natural environment, financial markets, investors, communities, employees. How do we balance those priorities? Creating a materiality assessment focused on opportunities for success and risk of negative outcomes is critically important. Understanding our goals as problems that we are solving for helps to keep in focus the most material facts of our case as they shift or intensify over time and guide our allocation of effort and resources. The Center has resources that can help you determine which issues are most important to your success.
Here at the Boston College Center for Corporate Citizenship, we’re asked to provide insight and expertise on the complete spectrum of corporate citizenship practices. Our more than 420 member companies are interested in issues ranging from environmental impact reporting to nonprofit board placements—as well as every area in between. One issue that is consistently among the most popular topic of discussion, however, is one of the foundational elements of early CSR—employee volunteer programs. A main focus of corporate citizenship programs year-round, employee volunteer initiatives are especially popular now—during the spring and summer months—when the warmer weather offers a broader array of available activities.
The focus on employee volunteer programs is hardly surprising. Employee volunteer programs offer a myriad of benefits to both businesses and the communities they serve. Research finds that they encourage stronger employee engagement, increase retention, and better job performance. The Center’s own research supports these findings. Our 2015 Community Involvement Study finds that more than 90 percent of companies list improved employee engagement among the top three benefits of an employee volunteer program. Furthermore, companies themselves have found empirical support for the relationship between volunteering and employee engagement. Of the 60 percent of companies that measure the connection between engagement in their employee volunteer program and employee engagement, 89 percent found a positive correlation (see Figure A).
Nonprofit board placement programs have grown in popularity and importance as companies and employees realize the rewards of sustained, high-level engagement in community organizations. According to the 2015 Community Involvement Study, nearly 70 percent of companies offer a nonprofit board program to their employees as a part of their volunteer program offerings (see Figure A). This is a huge change from 2011, where the same study revealed that only 26 percent of companies offered nonprofit board programs to all of their employees.
The following is excerpted from the most recent issue of the Corporate Citizen.
Employee engagement is key to company performance, leading to positive effects such as higher productivity, improved work quality, and decreased job turnover. Employees want to be involved in their work, enthusiastic about the organization they work for, and committed to their fellow workers. Yet less than a third of U.S. workers were engaged in their jobs in 2014, according to Gallup.
Before the purview of especially socially-minded or forward-thinking companies, diversity and inclusion is increasingly becoming a corporate citizenship and business imperative for all industries and sectors, one that harnesses the distinct intellect and skills of a multitude of different backgrounds and cultures to deliver business and social value.
Just a few weeks ago, the Boston College Center for Corporate Citizenship held our annual International Corporate Citizenship Conference. More than 500 CSR experts joined us in Atlanta for nearly three days of insights, information, and sharing.
The final day of the 2016 International Corporate Citizenship Conference was rich with inspiration and ideas, as attendees solidified connections, learned from each other and from experts in the field, and were introduced to next year’s Conference sponsor—State Street—during the event’s closing session.