Why a CSR policy should be at the top of your agenda this year
We all know that recycling at work is just as important as it is at home, but that it’s probably more of an ad-hoc activity, especially in smaller companies where no official CSR policy is in place. A CSR policy, or corporate social responsibility policy, outlines the practices of a company which benefits the society and people around them as a whole. We think it’s absolutely crucial that all employees get on board with a CSR policy, no matter what size of organisation they work for – so here’s 4 reasons why a CSR policy should be at the top of your agenda this year.
- Make your business operations more efficient
It’s no surprise that positive impact on the bottom line is a key reason many companies embrace corporate social responsibility activities, but it’s also a great way to make business operations more efficient, by reducing waste, saving money and encouraging more responsible purchasing of materials. Having a CSR policy in place is also a more attractive prospect for investors, who look for companies operating responsibly with their money.
- Improve engagement levels
Employee engagement is a hot topic for companies at the moment, and it’s estimated that disengaged employees cost companies £340bn each year – a colossal figure, and one which companies are desperate to reduce. Implementing a corporate social responsibility programme can help to reduce disengagement levels by giving employees more satisfaction at work, and allowing them the opportunity to contribute to a positive project and take pride in this area. Happy employees produce better outputs, are more likely to stay in their job and will more readily recommend their company to friends and family as a great place to work.
- Great for PR
What company wouldn’t benefit from a more positive public image? Publicising your CSR efforts gives clients and potential customers more faith in doing business with you, as you now appear to be a company who cares – about its employees, its community, its shareholders and its future. At ReGen, we love sharing our good news stories and are delighted that so many of our employees are actively engaged in events that support our local communities. Keep checking on our Facebook page for news like this as we love to share it!
- Encouraging growth and new skills in employees
CSR is not specific to any one department, and in fact it has more chance of success if employees from multiple disciplines get involved. In encouraging this type of cross-department collaboration, it promotes new skills and talents in your existing workforce, which benefits both you and your employees in the long run.
We hope this gives you more confidence in setting up a CSR policy this year in your business, or at least putting it on your radar for discussion. Corporate social responsibility benefits everyone, so it’s in everyone’s best interests to get involved.