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University of San Diego
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This document discusses business practices, diversity, and employment, including topics like equal pay, diversity, equity, and inclusion (DEI). It also touches on aspects regulations, incorporation, and business certifications.
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DEI&B & Corp Culture/CEO ○ 51% largest companies (S&P500) tie executive pay to diversity metrics ○ Diversity, Equity, Inclusion and Belonging ADA, EEO & Civil Rights Act ○ EEO → Equal Employment Opportunity ○ Civil Rights Act Race Co...
DEI&B & Corp Culture/CEO ○ 51% largest companies (S&P500) tie executive pay to diversity metrics ○ Diversity, Equity, Inclusion and Belonging ADA, EEO & Civil Rights Act ○ EEO → Equal Employment Opportunity ○ Civil Rights Act Race Color Religion Sex National origin ○ Pay Equity Law men and women in the same workplace must be given equal pay for equal work jobs need not be identical, but they must be substantially equal job content (not job titles) determines whether jobs are substantially equal ○ Equity Access to same opportunities ○ Equality Access to same recourses ○ ADA → americans with disabilities Act Prohibits discrimination on the basis of disability Must provide reasonable accommodation to employee or job applicant with disabilities Most reasonable accommodations are low cost ○ Federal civil rights act NOT federally protected characteristics: Under 40 Criminal history Political views Vaccination status Appearance Hair Weight Attractiveness Discrimination laws depend on where you live ○ EEOC Companies with 100 + employees required to provide the EEOC with data on employee gender, race, and ethnicity EQUAL EMPLOYMENT OPPORTUNITY COMMISSION Intolerance in Workplace ○ Not being tolerant and not integrating diversity Groupthink & Tokenism ○ High cohesiveness within the group ○ Insulation of the group from outside sources of information ○ Lack of methodical procedures for information search and appraisal ○ Directive leadership ○ Homogeneity in members’ backgrounds ○ A high stress situation with little hope of finding a better solution than the one advocated by the leader. ○ Tokenism is diversity without the hard work of equity or inclusion - act of using marginalized communities as props without incorporating their work or knowledge Pay Equity ○ Compensate employees with similar job functions with comparably equal pay Bias & Blind Hiring ○ Don’t have bias in hiring, when resumes were whitened, they got more call backs ○ Blind hiring: Any technique that anonymizes or “blinds” demographic information about a candidate that can lead to bias ○ Ask Same questions for everyone ○ Consistent evaluation criteria A Business With Good Values Can Help Your Bottom Line ○ MNCs (including Fortune 500 & S&P 500) ○ Multinational Corporations Walmart number 1 in revenue Apple biggest market cap ○ SP500 = Standard and Poor Incorporation ○ Separates business from owners ○ Gives legal rights to the new corporation ○ Easiest to incorporate in Delaware, same day filing ○ This benefits large and publicly traded firms ○ 1.9 million firms incorporated in Delaware ○ 68% of fortune 100 companies ○ 98% of publicly traded companies SMEs ○ 500 or fewer employees ○ Small and medium Business ○ Small business grants and programs ○ 99% of all businesses Similarities & Differences of Benefit Corporations & Certified B Corporations ○ Benefit Corp Purpose is to create profit and positive impact LEGAL Benefits community and your bottom line Patagonia is the first California Benefit Corp No Tax benefit Requires regular reporting on social and environmental impact and profit It’s not for marketing reasons, it’s for the actual benefit of society ONLY US BASED ○ Certified B Corp ○ NONLEGAL B-Lab verifies social and environmental impact of a business every 3 years It’s an assessment of 5 areas, they need a min score of 80 Certifies the BUSINESS Appeals to stakeholders, its a CREDIBLE indicator San Diego Based Certified B Corporations ○ San Diego has 25 ○ B Local San Diego DR Bronners Taylor Guitars Students want to work for companies that care about the 3 Ps USD is working with UCSD Why Your Values Belong at Work ○ Life After College ○ Retirement Age ○ Retirement age is 67, legislative proposal to increase to 70 Social Security Benefits ○ Retirement pay from the federal government ○ Employee and employer payroll taxes on your wages fund your future social security payments ○ Average is 1900 and max is 3800 Life Expectancy ○ Its only 76.1 ○ We have the highest health spending per capita ○ 46th highest life expectancy OSHA ○ Occupational safety and health administration ○ Deadliest occupation is logging workers ○ Law: employees must notify OSHA when an employee is Killed on the job Work related hospitalization Gen Z Trends ○ Align your work with your personal values ○ Supporting employees with empathy, kindness, compassion and forgiveness creates a more positive company culture ○ Younger employees are more likely to quit working for irresponsible companies Work Purpose & Health/Well-being Benefits ○ Connect job to the bigger picture ○ Work is an important part of your mental health and well being ○ Job purposing: Proactively adjust how we work to find social purpose at work Your Strengths, Interests, & Values ○ Its MUCH more than money ○ Create your personal path to have a positive impact on society Ideas for Your Future Careers (plural)