CEO Secrets: 'Four-day weeks are good for business'

Four-day Weeks are Equitable

“At Bakedin we work four-day weeks because it makes our staff more motivated,” says CEO and founder Joe Munns. “It also gives us a really powerful recruitment and retention tool for the business.”

Joe has put his 40 workers on a four-day week since he started the firm in 2013. He was working for the computer giant IBM at the time and running the company as a weekend pursuit.

“When I was at IBM, I actually compressed my hours down to a four-day week,” he says. “So I had Fridays free when I could work on Bakedin, which was my pet project at the time.

Bakedin staff put in nine-and-a-half-hours on the four days they are at work. Joe says they get more done this way than if they were at work five days a week.

There are other benefits of putting staff on a four-day week. Bakedin is in the food industry, which has a very high turn-over rate for staff. This means businesses are often short-staffed and managers must spend large amounts of time attracting and interviewing new recruits.

“The most important aspect of it is that ability to offer something unique and interesting to new staff. Then also, once you have built a team, it gives them something that they find really valuable that might not be monetarily related.” There are many established ESG tools to help companies combat racial inequality, inclusiveness and employee equity.

Equity comes in many forms. In this case, a 3 day weekend for every employee. It is an incentive for employer and employee alike. It makes you different, and it helps with retention. A large part of the Equity in DEI is “the fair treatment, access, opportunity, and advancement for all people, while at the same time striving to identify and eliminate barriers that have prevented the full participation of some groups.’ 4 day work weeks can be applied equally to all employees across every segment of the business. It sounds equitable to us. And the upside is a greater investment in doing their jobs, building of trust and feeling a sense of appreciation. Besides, we have been what have been doing the way we have been doing it since the invention of the assembly line by Mr. Ford, on December 1, 1913. Maybe it’s time for a change.
Many people in cubicles in an offie representing the diversity, equity and inclusion elements of Governance

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What is ESG for Companies in Vancouver,BC?

ESG has been around for decades. Recent events have accelerated the need for businesses to make changes.  Environment, Social and Governance may well determine your future success, or failure. Whether you have business in Vancouver or anywhere else.

The term ESG investing was first coined in 2004. It was a part of a study by the UN Global Compact. ESG stands for environmental, social and governance, the 3 cornerstone indicators for investors. The report proposed that “Who Cares Wins.” In 2005, the UN Principles for Responsible Investment, or (UN PRI). The report detailed a plan for investment designed to make life fairer for all and save the planet.

Do ESG Investment Principles Matter in Vancouver?

E, S & G are 3 pillars of ethics measurement for a business or enterprise. They are factors which are driving investor decisions around the world. ESG criteria measure non-financial features which determine how attractive you are for investment. A low ESG score may prevent a company from getting a sustainability score. A low sustainability score will most likely prevent any relevant confidence by investors.

If you have a business in Vancouver, then you will want to read further. If you are looking for investment or want to list on an Exchange, then you will want to examine your portfolio. You will need to establish a Score for potential ESG compliance issues.

What is CSR for Companies in Vancouver?

CSR stands for Corporate Social Responsibility. It is a measurement of a company’s ethical impact on the society it serves. This can include positive impacts like philanthropic endeavours or negative impacts like pollution. It is a report which shows a company’s contributions to the greater community of Vancouver.

The CSR Policy should cover many core elements with regular reporting. These include care for all stakeholders and ethical functioning. There should be a section on respect for Workers’ Rights and Welfare and Human Rights. It should detail all aspects which show respect for Environment.  Finally, the report should include activities for Social and Inclusive Development.

What is DEI for Business in British Columbia

The world has changed and smart companies are changing within it. Diversity, equity and inclusion are terms which are a part of your ESG. Many companies implement these strategies through governance. With the direct effects will be seen in social and environmental actions. They are programs which encourage the participation of diverse groups of people.

Workplace diversity includes people of different genders, races and ethnicities. It also includes abilities and disabilities, religion, culture, age and sexual orientations. socioeconomic status, language or political perspective. The goal is to create more inclusive working environments for everyone.

A good outline for a Diversity, Equity and Inclusion plan will include a DEI Strategic Plan. It will also include a leadership commitment to the plan. It will address the recruitment and hiring of diverse talent. This could include neurodiverse candidates. It will require reporting on inclusive performance management. It will detail equitable and inclusive culture. The report will conclude with highlights listing the effects on the marketplace. It will also outline community impact. There is an increasing demand for reporting for companies in Vancouver, the Island and around the world