In the groundbreaking book Completing Capitalism: Heal Business to Heal the World, Co-authors Bruno Roche and Jay Jakub share a proven approach to business success that includes considering not just financial profits, but also the human, social, and natural impact of every decision. The well-researched volume demonstrates that a failure to consider the increasingly valuable, non-financial sources of capital will lead to organizational decay and long-term collapse.
Whether we like it or not, it is more difficult than ever for employees to turn their income into meaningful financial progress. This leads to feelings of fear and anxiety in a majority of American workers that injures their mental & physical health, relationships, and their productivity. While it is in an employer’s best interest to consider the bottom line impact of these issues (hint: it’s a really costly problem), there is a more basic, human problem: many people are trapped in a broken system and do not know how to escape.
The unfortunate reality of today’s complex financial world is that everyone needs help. Yes, Americans are sorely lacking in financial literacy, but navigating health care, education, home ownership, child care, insurance, employee benefits, retirement and a host of other issues is challenging and time consuming even for the best-educated in the financial world.
Employers are the key to providing solutions their people cannot access anywhere else. Leveraging their scale to provide valuable benefits, employers can offer solutions that are either far more costly for an individual or simply unavailable. The challenge is converting these programs into meaningful progress for your people. While you work hard to provide competitive wages and benefits, employees often struggle to maximize their potential. Best intentions give way to daily tasks and challenges, and most of us—me included—simply do not have the bandwidth to do all the things we know we should be doing.
Employers can bridge the gap between intention and action. Employers can provide resources that make the journey easier, and even enjoyable. Employers can help their employees meet their challenges so they can be more productive at work, at home, and in their community. And, in the not-too-distant future, employers will be expected to do just that.
If you would like to learn more about how you can be champion for your people, please contact us.