Encouraging “good work” on a global scaleMarch 2023
The World Economic Forum’s Good Work Framework offers a roadmap for the future of work. This initiative is meant to encourage specific elements in the workplace that make a difference in people’s lives.
Here’s a look at the five main goals of the Good Work effort, plus a deeper dive into its focus on diversity and inclusion.
What is considered true “Good Work”
The five objectives of the Good Work Framework can be used by businesses to measure progress in improving the lives of their employees. The goals are broad enough for companies to work on them. They include the following:
Workplace flexibility: This means ensuring people can work within limits that further the business goals while accounting for work-life balance and personal wellness.
Responsible technology use: As high-tech jobs continue to evolve, ethical deployment of algorithms and other elements of data and monitoring need to be planned for.
Well-being: Businesses must encourage better health and wellness, including programs for employees to participate in and encourage their families to do the same.
Equitable pay: What someone earns should be sustainable for the area where they work and a decent standard of living at the very least.
The power of D&I in the workplace
The final framework goal is for an engrained culture of diversity and inclusion. This is particularly important, as some recent stats show.
According to a series of recent polls, this is what is being reported about diversity and inclusion in the workplace.
- Many groups considered “minorities” will be majority status by 2044.
- Diverse companies earn 2.5 times higher cash flow per employee.
- Gender-diverse companies are 15% more likely to earn more than the financial median.
- 75% of job seekers and workers prefer working for diverse companies.
- About 48% of Gen Z workers are racially diverse.
- Diverse management has been shown to increase revenue by 19%.
The search for the best talent
As you work toward these goals, we can help you hire employees, knowing full well the mix of benefits, salary and opportunities you can provide.
By learning your own needs and objectives, searching with an eye toward current trends, and ensuring a smooth interview and hiring process, we can work together to make your team the best it can be. Finding the best talent is truly a skill, and we can be your partner in finding that perfect fit for the crucial roles in your company.
To get more details on what we can offer your business, visit our website.