It is not enough to just employ people, pay them a salary and make them work. An organisation should also ensure that ethical labour practices are followed, where the rights and dignity of employees are respected, where every kind of diversity, be it cultural, ethnic or in terms of gender is honoured. Ethical labour practices also include fair wages, safe working conditions, reasonable working hours, and the eradication of child labour and forced labour. Every individual deserves a workplace where there is no discrimination in any form, where employment decisions are based only on the requirements of the job. Every employee deserves an organisation which respects their work-life balance, which is the need of the hour in today’s date. Lack of work-life balance can lead to decreased productivity, mental and physical health issues and reduced loyalty towards the employer. Infosys: A Journey from $250 to Global Recognition Founded in 1981 by seven engineers with a budget of just $250,
In recent years, Corporate Social Responsibility (CSR) has evolved from a mere philanthropic exercise to a strategic imperative for businesses in India. The introduction of the CSR mandate in 2014 has catalyzed a profound shift in how companies perceive their role in society, with significant implications for reputation management, sustainable development, and financial performance. This blog explores the transformative impact of CSR, focusing on key trends and outcomes, with a special emphasis on the role of organizations like Fiinovation in driving impactful CSR initiatives. Understanding the CSR Mandate in India The CSR mandate, as enshrined in the Companies Act, 2013, requires eligible companies to allocate a portion of their profits towards CSR activities. This statutory provision has ushered in a new era of corporate accountability, compelling businesses to integrate social and environmental considerations into their strategic decision-making processes. Growth of CSR Investments: