1. Good workplaces Good profits
KEVIN THOMAS, DIRECTOR OF SHAREHOLDER ENGAGEMENT

2. I work for a manufacturing company for an hourly wage. I’m ‘on-call’
I work for a manufacturing company for an hourly wage. I’m ‘on-call’. I don’t know from one week to the next how many hours I’ll be working. My wife and I find it very difficult to manage the budget and juggle the child care.
Social scientists adopted the term ‘precarity’ to describe states of employment that do not have the security or bene ts enjoyed in more traditional employment relationships. These precarious employment relationships are becoming the ‘new normal’ for our workforce
Precarious workers aren't just minimum-wage employees with irregular hours. They're also high-tech workers hired for projects, accountants who must seek one job after another, social-service sector workers employed by temp agencies and university lecturers hired on contract.

3. Social scientists adopted the term ‘precarity’ to describe states of employment that do not have the security or bene ts enjoyed in more traditional employment relationships. These precarious employment relationships are becoming the ‘new normal’ for our workforce
Precarious workers aren't just minimum-wage employees with irregular hours. They're also high-tech workers hired for projects, accountants who must seek one job after another, social-service sector workers employed by temp agencies and university lecturers hired on contract.
They only schedule you for three days, but they still want a four- to five-day commitment from you. It makes it hard on workers who get other jobs in retail, trying to juggle changing schedules. There’s no protection when problems come up in scheduling.

4. Changing Labour Markets in Canada
Negative Social, Political and Economic Consequences
Growing Inequality
Increase in Precarious Forms of Work
Changing Labour Markets in Canada
Social scientists adopted the term ‘precarity’ to describe states of employment that do not have the security or bene ts enjoyed in more traditional employment relationships. These precarious employment relationships are becoming the ‘new normal’ for our workforce
Precarious workers aren't just minimum-wage employees with irregular hours. They're also high-tech workers hired for projects, accountants who must seek one job after another, social-service sector workers employed by temp agencies and university lecturers hired on contract.
Canada’s labour markets are increasingly characterized by non- standard forms of employment or “precarious employment.”

5. Implications for Investors
ECONOMY WIDE IMPACTS
Growing inequality weakens consumer demand, is harmful to long-term economic growth, economic stability, and economic efficiency.
Precarious work increases the stress on households and on social structures.
COMPANY LEVEL IMPACTS
Effects on productivity, operational efficiency, sales and customer service.
Reputational and social license risks of low wages and poor working conditions.
Correlation between human capital management and corporate performance.

6. The Sound of Silence Investors aren’t asking:
Companies aren’t telling:
“Our people are our greatest asset” and yet little evidence that companies prioritize this in business strategy, performance indicators, and reporting.
Investors aren’t asking:
Too few investors link HCM practices with value, and too few are asking companies about how they manage and invest in their workers.
Rarely considered in mainstream investment analysis and even in many cases in “responsible investment” analyses.

7. Valuing Workers: Role for Investors
Break the silence – investors need to demand better reporting from companies on their management of and investment in workers.
Change the narrative – investors should support decent work as an investment in the business as opposed to just a cost to the business.
Focus on the long-term –support company efforts to create long-term value including by supporting improvement in labour practices.
Identify the right metrics – those that reflect positive worker outcomes as well as better business results.

9. @share_ca