Everyone knows the world of work is changing fast -- what’s less known is that some changes are for the better. More and more companies are adding paid leave or sick days, child care, an ownership stake for workers, and other benefits employees strongly value. Bucking “business as usual,” these high-road businesses see their employees, the communities in which they operate, and the products and services they provide as equally integral to their financial success.
High-road practices don’t just strengthen families and society: Companies find they also help the bottom line. These are the counter-intuitive findings of a new report, The High-Road Workplace: Route to a Sustainable Economy, released today by the American Sustainable Business Council (ASBC) and the Surdna Foundation. The report also identifies five key public policies that would have the greatest potential to help American businesses more quickly adopt high-road practices.
Informed by interviews with high-road companies of many types and sizes, The High-Road Workplace offers practical guidance to company decision-makers and government policymakers on the business value of high- road practices. It also shows how these practices address current societal and economic concerns, improve the country’s broad-based resilience and restore growth potential.
- High-road workplace practices are profitable
- High-road workplace practices also strengthen society
- Barriers to adoption are delaying the organic, market-driven spread of such practices
- Smart public policy, including regulations and incentives, would help speed the business adoption of high-road practices.