In the years since the Great Recession, unemployment levels have fallen across the United States, while economic growth in the country has rebounded. As a result, competition for entry-level talent is growing, and many employers are struggling with rising employee turnover. We estimate that the U.S. retail industry lost more than $9 billion to voluntary entry-level turnover in 2016.
A couple of weeks ago, influential employers—including T-Mobile, Gap Inc., and McDonalds*—came to New Orleans for an unprecedented gathering on jobs in the United States. Each had expressed enthusiasm for impact hiring—an approach that creates business value through hiring and investing in individuals who face barriers to economic opportunity. Through a cohort-based program designed and led by FSG, and supported by The Rockefeller Foundation and Walmart, employers began putting this enthusiasm into action in new ways.
How to Lead Change in Corporate Societal Engagement
Implementing a CSR or corporate foundation strategy may be even harder than developing it. Featuring examples from leading companies like Walmart, GE, and General Mills, Advancing Strategy, produced by FSG in partnership with CECP, provides best practices and tools to help corporate foundation and CSR leaders advance their strategy. Learn how to overcome common obstacles by applying structured, data-driven processes that transform your corporate societal engagement portfolio.
The convening will drive collaborative action on skills gap, non-communicable diseases, and post-harvest loss
WASHINGTON, D.C., December 13, 2016 /3BL Media/ - Mark Kramer, co-founder of the prominent social impact firm, FSG, will keynote the Global Engagement Forum Live, taking place April 4 – 5 in Washington, DC. Kramer advocates for an ecosystem approach to create shared value—a concept that connects societal and economic progress.
What images come to mind when you hear the word evaluation? A teacher grading an exam? A dashboard or scorecard with outcomes highlighted in green, yellow, or red to show progress? A logic model mapping a program intervention to its intended outcomes? When asked about evaluation, fewer people tend to conjure images of a room full of people reflecting on and discussing data together. Or think of evaluation spurring an energizing collaborative conversation to visualize what a program hopes to achieve, and the assumptions and external factors that can help or hinder success.
When you think about insurance companies, do you think about social impact? It’s likely not the first thing that comes to mind, but FSG client Skandia has realized the significant impact they can create by helping prevent risks rather than just insuring against them.
Through active risk prevention, insurance companies can not only improve lives and potentially make whole nations more resilient, but they actually increase their company’s competitive advantage. In other words, they apply the concept of shared value.