Corporate Social Responsibility: Do Companies Have a Responsibility to their Employees and their Welfare? The Answer is Yes.
Ifunanya Nwokedi, HON 400: All College Honors Colloquium
Faculty Mentors: Professor Michael Littman, Business and Professor Michael Johnson, Modern and Classical Languages
More than ever, employees want to work for and with a company with a strong social conscience. Developing a social conscience for your company not only impacts the greater good of society but it has a positive effect on employee morale and customer loyalty. Do companies have a responsibility to their employees? The answer is yes. Companies, no matter the size, do not operate in a bubble. The decisions a company makes impact their employees inherently, especially minimum-wage employees who are often deemed expendable due to the unstable nature of their employment. It is known that businesses are legally obligated to make profits and satisfy their shareholders, but that does not excuse negligence of their employees. The recent outbreak of the Coronavirus pandemic has, unfortunately, exposed the inability of some companies to care for their employees in a time of dire need. That being said, where does one draw the line between legal and moral responsibility? Where does fulfilled minimum legal/ ethical obligations towards one’s employees end and true responsibility and care for one’s employees start? How can companies be more socially responsible to their employees not just on paper, but in practice as well? In my research project, I explore these ideas, investigate the ways in which companies have potentially failed their employees, and devise possible solutions to these issues.
Nwokedi, Ifunanya, "Corporate Social Responsibility: Do Companies Have a Responsibility to their Employees and their Welfare? The Answer is Yes." (2020). Business, Fashion & Textile Technology, Hospitality and Tourism. 22nd Annual Student Research and Creativity Conference. SUNY Buffalo State.