TL;DR
Companies are implementing sustainable practices in their workplace culture to celebrate employees and bolster retention, with 75% of HR professionals experiencing an average employee turnover rate of up to 30% each year. Brands like Starbucks have found success in sustainable workplace practices and volunteer programs.
Businesses are looking to implement sustainable practices in their workplace culture not just to celebrate Earth Day, but every day.
In recent years, companies have encountered high turnover rates, making brands question what more they can do with internal practices that celebrate employees, bolstering their acquisition, development and retention of workers. In 2018, alone, the U.S. experienced the highest turnover rate, according to Compdata.
Entrepreneur Magazine also reported, “In recent research, 75% of HR professionals surveyed in the U.K. and United States said that they had experienced an average employee turnover rate of up to 30% each year.”
While embedding a sustainable workplace culture may take time, according to Entrepreneur, it starts with “looking closely at your internal business practices, and how your business interacts with its surroundings. Companies with a clear and well-managed approach to their environmental and social impacts are better positioned to shape their future and to benefit from it.”
Though non-traditional, Entrepreneur stated that companies who have found success in sustainable workplace practices encourage fellow businesses and franchises to provide and cultivate a “volunteering culture” through employee volunteer programs. Recent studies and successful brands like Starbucks have chosen to opt-in to sustainable practices and volunteer programs to allow the current wave of millennial workers to find a higher purpose in their work.
In this story
This story was originally published in 1851 Franchise on April 22, 2019. Burnaze summarizes and links to the original reporting.
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