I’m sure you’ve heard all about the millennial generation. Those 20- to 36-year-olds, pampered throughout their lives by their baby-boomer parents, have grown up to be self-absorbed, entitled narcissists, right?
Actually, this isn’t an accurate picture of millennials—and since they now represent the largest share of the American workforce, that’s good to know. Despite widely held perceptions about their supposedly “me-first” ways, these younger workers rank social responsibility as an important tenet of life and are looking to work for companies that share their sense of social responsibility.
In case you doubt the desire of millennials to align themselves with socially responsible companies, look no further than the Horizon Media’s Finger on the Pulse study, which found that 81 percent of this younger generation expect companies to make a public commitment to good corporate citizenship. Millennials also put their money where their mouth is: According to the 2015 Cone Communications Millennial CSR Study, 62 percent are willing to take a pay cut to work for a socially responsible company—a full six percentage points higher than the average response of all age groups surveyed.
The need for a CSR plan
Obviously, then, companies need to do more than just offer perks like free snacks to recruit and retain this valuable workforce segment. Having a formal corporate social responsibility (CSR) program is the key way for companies to demonstrate their commitment to the positive ideals their employees espouse. And here’s a PR bonus for you: By promoting corporate social responsibility, you’re also conveying to your customers that you care about the world outside your company’s walls.
At most companies, the HR department falls into the organizational sweet spot for managing the CSR program. As Angela Schettino of Think People Consulting observes, a company’s HR strategy links to the four components of any successful CSR initiative. First, of course, are employees, in keeping with HR’s focus on their rights and well-being, but the three other components—environment, community, and marketplace—also fall under HR’s domain.
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HR’s most appropriate role in managing a CSR plan would be to monitor its adoption and then document its successes throughout the company. In the area of energy conservation, for instance, the HR department could start by implementing a company-wide recycling program and promote earth-friendly practices like subsidizing public transit costs or encouraging employees to shut off the lights, computers, printers, and copiers during non-work hours.
Try these CSR initiatives
Here are some other ideas for HR departments and companies to consider as they implement and manage their CSR program.
- Create a company culture compatible with CSR. As Strategic HR Inc. describes, this can start with your job advertisements and interview process. Use corporate social responsibility as a recruitment tactic, which will attract the socially responsible employees who will support and sustain your program. Perhaps even consider adding a position—chief sustainability officer—whose role would be consistent with your company’s focus on CSR.
- Pick a cause. Look at what other successful companies are doing and see if your organization can model a similar CSR program. Starbucks, for instance, has several programs in place to promote environmental sustainability. Toms has a program called “Giving Shoes,” in which the company donates a pair of shoes to a child in need for every pair of shoes purchased. To date, the company has given away more than 70 million new pairs of shoes.
- Allow time off for volunteering. As part of your employee engagement program, give employees a few days of volunteer time off (VTO) per fiscal year to do something meaningful in their communities.
- Donate to a good cause.Take a cue from companies like Jersey Mike’s Subs, which has raised more than $20 million since 2010 by donating 100 percent of its sales nationwide on its annual Day of Giving. Or consider the corporate goodwill generated by Patagonia, a sustainable clothing brand that gave all $10 million from its Black Friday 2016 sales to hundreds of grassroots environmental organizations.
- Match employee contributions. Convey to employees that “we’re all in this together” by matching their contributions to a charity of their choice. It’s a way for them to stretch their giving dollars—and for you to demonstrate firsthand that the causes they value are causes that you value as well.
Demonstrating your company’s commitment to the communities and environment in which you work isn’t just the right ethical decision, it’s good business. As Patti Dunham, MA, MBA, SPHR, SHRM-SCP, states, “…becoming socially aware and responsible helps the company’s bottom line. The impact on the organization’s public image and becoming an “employer of choice” because of these initiatives is immeasurable.”
If you haven’t already done so, consider empowering your HR department to implement and manage a corporate social responsibility program this year.
For more on the importance of bringing purpose into the workplace, see Why Companies Of The Future Need Purpose.Comments