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Understanding and Advancing Corporate Social Responsibility: The Role of HR
@KeciaCarroll
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Environmental Steward
HR Emerging Leader Brand Manager These are our typical CSR champions either because of the interconnection between CSR and their core work, or their core values. These people are instrumental in introducing or advancing CSR in their organizations. In doing so, they elevate their function. It is an opportunity to contribute at a more strategic level, which I know may be important to many of you in this room. HR professionals have a key role to play to help a company achieve its CSR objectives. Employee involvement is a critical success factor for CSR performance. HR managers have the tools and the opportunity to leverage employee commitment to, and engagement in, the firm’s CSR strategy. High performing CSR organizations foster a culture of CSR and fully integrate CSR throughout their operations, rewarding and incentivizing CSR decisions and initiatives. Employees prefer to work for organizations aligned with their values; thus, incorporating CSR into the employee brand can enhance recruitment and retention, particularly in tight employment markets. Leader @KeciaCarroll
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Corporate Social Responsibility (CSR) is when an organization simultaneously contributes economic, social and environmental benefits – known as the “triple bottom line” – to stakeholders and society while also ensuring its own long-term sustainability as an organization. Sustainability: Meet needs of present without compromising the ability to meet the needs of future generations. @KeciaCarroll
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Social Brands
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The Business Case for CSR
Recognition and reward by relevant stakeholders Stronger customer demand Increased loyalty, company resiliency Ease in hiring, attracting top talent, emerging talent Higher employee satisfaction / productivity, lower turnover Strong financial performance Sustainable communities and world
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78% Believe companies must do more than just make money; they must positively impact society as well 79% Feel a deeper connection to companies with values similar to their own 88% Would purchase products or services from that company 70% Would work for that company. 74% say their job is more fulfilling when provided with opportunities to make a positive impact at work and 62% would work for a socially-responsible company even if salary were lower. 68% More willing to share content with their social networks over that of traditional companies Cone/Porter Novelli Studies, 2018/19
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>80% Report their companies align social issues addressed with their business priorities 95% Companies that measure the relationship between volunteer programs and employee engagement seeing a positive correlation 80% Offer a workforce giving program, and more than 70% of those that do, also offer a match. 45% offer a cash match for volunteer hours 72% Companies with a disaster relief program, up from 60% in previous study The Boston College Center for Corporate Citizenship’s Community Involvement Study 2019 explores how companies are investing in communities and how these efforts connect to their business. The Center has conducted this survey 12 times since 1995 and, during this time, has seen how the role of community involvement has evolved to become an incredibly important strategic component of business. Boston College Center for Corporate Citizenship’s Community Involvement Study 2019
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The evolving landscape of social responsibility
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Giving Money Giving Time
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Volunteering Skilled Volunteerism
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Team Building Team Acquisition & Retention
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Also an example of top down, bottom up
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(or Environmental Stewardship)
Sustainability (or Environmental Stewardship) Social Impact
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Big Company Any Company
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Social Responsibility
Advocacy Humanity Governance ADVOCACY - As corporate responsibility continues to mature, one of the key shifts we’ve seen in recent years is a move toward “values.” A company’s approach to impact is a reflection of that company’s values -- and the values of its customers, employees and (increasingly) investors. It’s a shift that has been accelerated by the current political climate, in which companies have had to publicly stand up -- both individually and collaboratively -- for values like inclusion, empathy and environmental preservation in the face of questionable policy decisions. The result? Responsibility, humanity and impact are now more entrenched than ever in the corporate sector
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HR CSR Show agenda
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A Strong CSR Strategy Elevates HR
An engaged workforce High employee satisfaction / loyalty = low turnover Ease in attracting top / emerging talent A diverse and inclusive workforce Transformational leadership Mitigation of organizational risk
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Integrating CSR into HR: PROCESS
CSR strategy development and connection to vision, mission and values CSR policy and program development Employee codes of conduct, expression of organization’s commitment to CSR-based decision making Balancing of CSR objectives with traditional performance objectives Compensation, incentives and performance management Measurement, reporting, and philosophy on celebrating success along the way The first step is to have a CSR strategy and HR should be involved in the development of that strategy. As a part of the implementation of that strategy, there are many areas where you’ll want to integrate CSR in your existing HR management functions. I’ve noted some tied to process. …..and tied to people.
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Integrating CSR into HR: PEOPLE
Workforce planning and recruitment Orientation and training: employee buy-in and support for CSR direction Top management encouragement and support, particularly for those with supervisory responsibilities Employee engagement through company matching programs, volunteer days, policies Assistance in identifying ways for employees to contribute time, talents and resources Employee communications
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When HR + CSR are Disconnected
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Practical Tips: ATTRACTING TALENT
Integrate CSR message in all recruiting materials, on website, describe as benefit on career page Showcase employee engagement in career fairs Apply for ‘top employer’ awards Leverage word of mouth. Employees are your best ambassadors, use them!
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Practical Tips: RETAINING TALENT
Include CSR commitment in onboarding process Remind & recognize in all-hands meetings or other communications Share stories of impact via existing internal communications channels Add CSR questions in annual employee survey as benchmark, strive to increase satisfaction score in future years Design ‘volunteers in action’ T-shirts for visibility Establish employee committee with representation for major departments Engage employees in philanthropy-related decisions Apply for ‘top company’ awards
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Measurement IMPORTANT: Must correlate with business outcomes
MAINSTREAM METHODS Employee Benefits Market Behavior and Awareness Social ROI Environmental Impacts Financial Benefits GRI / ESG / REPORTING STANDARDS Equal Opportunity Employment Diversity & Inclusion Employee Compensation, Governance Recruitment, Training and Development Standards Workplace Facilities; Health, Safety and Wellbeing Human Rights Environmental Standards, Energy Usage, Waste Management IMPORTANT: Must correlate with business outcomes
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Diversity & Inclusion Goals -- Employees, Partnerships
Corporate Giving -- Dollars Donated Locally, Globally, Associate Participation; Associate Relief Fund Participation Environmental Impact – Water Usage, Waste Management; Green Certification Participation; Industry Recognition, Associate Engagement
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Solar Power Generated: 150,000 kilowatt-hours
Paper Reduction: 13,000 pounds of paper annually with bakery muffin cups alone Recycling Volume: 40,000,000 bags per month Meals Donated: 416,000,000 Caring Culture: 7,500 associates volunteered for Publix’ 2019 Publix Serves Day
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Corporate Responsibility Benchmarks:
Company donations Volunteer hours Skills-based volunteering Education service Entrepreneur service Charities supported Students supported
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Employee satisfaction/engagement in employee surveys
ESG reporting criteria Correlation between an increase in ESG activity and employee retention numbers
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Volunteer Hours -- 5,200 hours across 58 officers
Donations -- More than $750,000 across 200 nonprofits Impact -- Stories of impact Next -- Contributions of all employees
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Increase Employee Engagement
Employees Reinforce Strategy Live Values Celebrate Success Engage them in the process Reinforce connection to strategy Consistently live your values Celebrate impact, successes
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Increase Social Impact
Set Goals Focus on Pillars Measure and Adjust Share Stories
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Additional Resources “21st Century Corporate Citizenship” by Dave Stangis and Katherin Valvoda Smith Boston College Center for Corporate Citizenship The U.S. Chamber of Commerce Foundation Corporate Citizenship Center Association of Corporate Citizenship Professionals Cone/Porter Novelli The Employee Engagement Group
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Thank You for Being CSR Champions
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