In today’s fast-paced, ever-evolving business environment, the need to upskill and retrain employees is greater than ever. According to a survey by Pricewaterhouse Coopers, three-fourths of corporate CEOS see the availability of key skills as the biggest threat to their business.
Achyuta Adhvaryu (Assistant Professor, University of Michigan), Teresa Molina (Assistant professor, University of Hawaii at Manoa) and Anant Nyshadham (Assistant professor, Boston College) recently released a working paper called “More Money, More Problems: Expectations, Wage Hikes and Worker Voice.” The paper details the first real-world study of economist Albert Hirschman’s landmark thesis on the relationship between voice and exit.
Worker feedback is critical to building a productive and engaged workforce. It has been said that companies with high engagement levels make two and a half times more in revenue than their competitors with low engagement levels. Highly engaged businesses also see a 20% increase in sales. Yet, worldwide, only 13% of employees are engaged.
The United Nations’ Sustainable Development Goals give all countries – no matter their size or wealth – an action plan to achieve social and environmental justice. While the goals are large in scope and meant to address the world as a whole, businesses can do their part to help the progress.
April marked five years since Rana Plaza factory collapsed in Bangladesh, killing more than 1,130 workers and injuring another 2,500. There are still many indications of workers of being unwell, according to counsellors working with Rana Plaza survivors and families of victims.
Labor Solutions—a suite of technology products designed by Raleigh-based Workplace Options to empower the evolving global workforce – is featured in The Atlas of Innovation for Economic Stability, published today by international NGO FHI 360 with support from The Rockefeller Foundation.
The Sustainability Consortium (TSC) recently hosted a Summit in Chicago, IL to provide a “space for supply chain innovation, team building, and sustainability break-throughs.” Krystal Bouverot, Labor Solutions’ new Director of Innovation, spoke on a panel at the Summit about reducing the risk of forced labor in supply chains.