In this deep dive into the B Corp Workers Impact Area, we’ll explore how we prioritise the financial security, health, wellness, career development, engagement, and satisfaction of our workforce.
The Workers Impact Area, as defined by B Corp, evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction.
Additionally, this section recognises business models designed to benefit workers, such as companies workforce development programs for individuals with barriers to employment.
Workers Impact Area
We understand the importance of maintaining occupational health and safety policies to ensure the well-being of our employees. We have implemented comprehensive policies and practices to minimise on-the-job accidents and injuries. Data on injury, accidents lost or absentee days are recorded and made transparent for all workers, promoting a culture of safety and accountability.
Financial Security for Our Workers
We are committed to ensuring the financial security of our employees, here are some of the measures we have in place:
Living Wage
100% of our employees on an FTE basis are paid at least the equivalent of a living wage for an individual and for a family.
Additional Financial Benefits
We provide cost-of-living adjustments that match inflation rates, as well as bonuses to non-executive workers.
Monetary Bonuses
100% of full-time and part-time employees (excluding founders and executives) received a monetary bonus last fiscal year, ranging from 5-10% of the company profits.
Stock Ownership
Up to 24% of our full-time employees have been granted stock, stock options, or stock equivalents in the company.
Retirement Planning
All employees have access to government-sponsored pension for saving towards retirement.
Financial Health Programs
We offer financial management tools, coaching, emergency savings programs, and off-schedule pay checks on a need basis. Additionally, we provide an Employee Assistance Programme that offers support ranging from health and mental well-being to financial and legal advice.
Health, Wellness, and Safety for Our Workers
We prioritise the health, wellness, and safety of our employees by implementing the following policies and initiatives:
Occupational Health and Safety Policies
We have written policies and practices in place to minimise on-the-job accidents and injuries. Data on injury, accidents, lost or absentee days are recorded and made transparent for all workers.
Healthcare Coverage
100% of our workers have access to entry-level healthcare coverage through our Employee Assistant Program
Life Insurance Benefit
Full-time tenured workers are provided with a life insurance benefit in addition to governmental programs.
Supplemental Benefits
We provide off-site subsidised childcare and have a policy to support breastfeeding mothers.
Wellness Programs
We offer incentives for workers to participate in wellness activities, including subsidised gym memberships.
Behavioural Health Support
Our employees have access to behavioural health counselling services, web resources, and Employee Assistance Programs.
Career Development Opportunities
We believe in providing career development opportunities to our employees. Here are some initiatives we have in place:
Formal Onboarding Process
We have a formal onboarding process for new employees to ensure a smooth transition into their roles.
Ongoing Training
We offer ongoing training on core job responsibilities to employees.
Internal Promotions and Hiring
We have a policy to encourage internal promotions and hiring for advanced positions, with job openings posted internally first.
Cross-Skills Training
We provide cross-skills training for career advancements or transitions.
External Professional Development
We facilitate external professional development opportunities, such as conference attendance and online training.
Continuing Education Support
We provide reimbursements or programs for intensive continuing education credentials, such as college degrees and professional licensures.
Partnership with Educational Institutions
We partner with educational institutions to provide internship opportunities or work-study programs.
Engagement & Satisfaction
We prioritise the engagement and satisfaction of our employees by implementing the following practices:
Employee Handbook
We have a comprehensive employee handbook that includes policies on non-discrimination, anti-harassment, work hours, pay, benefits, training, leave, grievance resolution, disciplinary procedures, and more.
Feedback Mechanisms
We have formalised feedback and complaint mechanisms beyond direct reporting lines, fostering open communication and continuous improvement.
Job Flexibility Options
Whenever feasible, we offer part-time work schedules, flex-time work schedules, and telecommuting options.
Paid Time Off
Full-time employees receive an annual 36 paid days off including bank holidays.
Investing in your workforce pays off dividends for everyone.
We believe that by investing in our workforce, we not only benefit our employees but also contribute to a better business world. Our mission is to create a positive work environment that fosters growth, supports personal and professional development, and cultivates a strong sense of community.
If you’re interested in joining us and exploring career opportunities, please visit our careers page. We’re always looking for talented individuals who are passionate about making a difference and want to be part of our journey towards a better future, please get in touch.
Join us on this exciting journey as we continue to prioritise our employees and strive to create a workplace that empowers and uplifts everyone. Together, we can make a lasting impact, one worker at a time.
If you liked diving deep into the specifics of the Workers Pillar of B Corp, you might also enjoy our previous blog where we closely examined the Governance Impact Area. Check it out!
