What are Organic Profits?
Corporate social responsibility (CSR) policy is likely to include some variation of People, Planet, or Profit promises.
The purpose of a for-profit corporation is to make money. If money is the primary purpose of a corporation, then doesn’t everything else come after that, including corporate social responsibility?
A commitment to Organic Profits™ transforms an existing CSR policy so that how you make money AND how you share that money has equal importance.
Organic Profits™ means that everyone gets a fair share of the profits. The idea that ALL the Profit goes to a small handful of people is unsustainable and harmful to People and Planet.
How can companies commit to Organic Profits?
An accurate job description and fair wages
I see so many job descriptions on the Internet where you must scroll down over and over to read all the job tasks. Employers need to stop doing that. Every job doesn’t have 20 or more different tasks assigned to it. There are tools available to define job responsibilities. Once those responsibilities are defined, pay the fairest wage. That fair wage should include educational, experience, shift and cost of living differentials. Don’t hide behind labor market statistics and practices.
Understand how to offer perks that benefit employers and employees
Teleworking perks are one of the best ways to “pay” people more money without giving out $$. If your employees pay less daycare or have days they can run errands, go to doctor’s appointments, etc. – that translates to less wear and tear on cars, buying less gas and more time with families. Less transportation usage helps reduces carbon footprints and road expansion needs.
Reimbursement Plans. There are many employer sponsored pre-tax plan options that reimburse employees for medical, accident and daycare expenses. Offering these plans reduces tax liabilities on both sides.
Local, State and Federal Incentives. Find incentives and programs available to employers that provide tax credits for hiring practices that promote diversity in the workforce. These incentives can help train existing staff in high wage high skill occupations and can also help hire employees that belong to groups that suffer the highest unemployment rates.
Wellness Programs. Every company can have a wellness program. From walking clubs to meditation groups, corporate wellness benefits everyone and has little to no cost. Be creative!
Volunteer Policies should consider employees first
Before you send your employees out to volunteer on behalf of the company, make sure they are not the ones in need of assistance. Define and promote confidential internal assistance policies.
Implement Diversity & Equal Pay Initiatives
Diversity & Equal Pay is NOW. There ARE skilled workers here and every employer knows EXACTLY how much they are paying their employees. Stop and take the time to make sure your policies are defined to pay based on education and experience qualifications only. Consider a “blind interview” where you have no idea what color, religion, age or gender the candidate is.
Define a Profit Sharing plan
Keeping your company relevant and profitable is critical. But there is NO WAY to do that alone. Every person in the company provides value. Learn how to reward that value by length of service, position, extraordinary contributions, etc. and share profits accordingly.
SCC has been committed to Organic Profits™ since 2012. Join us.
Today’s favorite: Schakolad Chocolate Factory, Fort Lauderdale Florida