Lesson 2: Social Responsibility

Employees

Read the following statements and then click on True or False.


Employees will be content with their jobs as long as pay cheques are big enough.

A healthy pay cheque is important to employees; however, today employees often desire more. They are looking for satisfaction for their social needs and for self-validation. Employees want to contribute to the operation of the business and to be recognized as valuable, productive members of the team. They want to be part of making a difference within the organization and the bigger global context.
Employees often desire a great deal more from their jobs. They are looking for satisfaction for their social needs and for self-validation. Employees want to contribute to the operation of the business and to be recognized as valuable, productive members of the team. They want to be part of making a difference within the organization and the bigger global context.

Employers are glad to have a discontented employee quit.

Any tension with an employee is eliminated if he or she quits. However, this is very expensive to employers. The costs of recruiting, training, and slower productivity can be large expenses with few long-range profits.

If the reason for the employee’s discontent is not dealt with, more staff turnover could result.
Employers realize that hiring new employees is very expensive. Costs of recruiting, training, and slower productivity can be a large expense with few long-range profits. If the reason for the employee’s discontent is not dealt with, more staff turnover could result.


Click the link below to review the costs related to hiring a new employee.

The Cost of Hiring a New Employee

Retaining employees is financially beneficial for employers. Personnel are more productive if they feel that their contributions to their companies is worthwhile. Therefore, knowing that the organizations for whom they work are being socially responsible gives employees greater satisfaction and contentment with their employment. Many employers offer benefits beyond health care to their employees, such as gym memberships, four-day workweeks, or even daycare services to increase employee satisfaction and retention.