carried out by the Department of Rural and Community Development and Social Finance Foundation The Policy sets out a series of 26 commitments on the part of Government across these three Objectives for the development of social enterprise over the period 2019-2022. Do not include any personal details in the box below. In fact what our research found was that a new model, which we call the “Symphonic C-Suite,” is key, and companies should take on these issues as a team, creating a model we call “teams leading teams,” instead of the siloed functional ownership we see in the C-Suite today. But our research does show that over time, companies do have to “do good” in order to “do well.”. Social enterprises are founded to solve a range of social needs and often vary in their model. I know that sounds a bit high-level, but the detailed trends make it clear and real. I've spent my career in technology. As one of our clients put it (a consumer goods company), customers now do business with companies who are local, companies who do good things in the community, and companies that do good things for society. #9. It’s important to build companies that promote, develop, and challenge young people and companies that do this find themselves filled with new ideas, new work practices, and lots of excitement and growth. As I like to describe it, AI does not “eliminate jobs” it “eliminates routine work” which in turn creates new jobs. #3. We are just coming out of a decade of research on Millennials and now the Gen-Z workers are here. Everyone in the working world is now concerned about the future of their career in a world of AI, robotics, and ever-changing technologies and jobs. Opinions expressed by Forbes Contributors are their own. Social Enterprise In 140 Characters: Below is a quote from our conversation with author Seth Godin on the topic. One of the trends we identified is that companies today must be “social” in a truly external sense. But what we have not yet done is figure out how to pay, reward, and recognize people in a way that is similarly modern and “digital,” in this new world of work. As we discuss in the report, there are some innovative programs and ideas out there, but generally speaking most corporate talent models do not understand or incorporate this “seasoned workforce” well. site and will not be responded to individually. I won’t cite all the statistics here, but as you read this trend you’ll see that well-being is now a key corporate strategy and one that must be measured through performance and productivity metrics, not simply those that reduce the cost of insurance. The trend is not that healthcare is an important benefit for employers: rather the trend is that this is now a strategic issue that impacts workforce productivity, profitability, and employment brand. And AI is dependent on data, so in order for companies to have great cognitive solutions for customers or internal operations there has to be a strong focus on quality data. Social Enterprises I was at a recent meeting of HR executives and one of the vendors cited a statistic that blew my mind: one in six Americans now take a psychiatric drug to help with depression, anxiety, or sleep[1]. Not only must we deal with the ten trends above, but we have to recognize that businesses today cannot operate by only considering employees and customers. Consider the issues of gender pay equity or data privacy, for example. This model gives consumers an inspiring and tangible measurement of their impact and as Roma likes to say, “Gives Poverty The Boot.” Other Social Enterprises that give back for every product purchased: Sackcloth And Ashes, TOMS, Skyline Socks, Project 7, Better World Books. While the HR profession is very excited about the opportunity to finally use analytics to make better decisions, this year our research shows a need to focus on privacy, security, governance, and “auditing” of these systems in a much bigger way. (Look at how easy it is to create “clickbait” on social networks). Since then, Intel has invested $15 billion in turning the 360-acre former stud farm into one of the most technologically advanced manufacturing locations in Europe. This topic, which was rated important by 77% of companies around the world, is the one where companies feel the most behind (51% feel unready to deal with this issue). One of the larger payroll providers told me in the last few months that they see a trend toward “instant pay” – people getting paid every day for the work they did that day. So the idea of having a C-Suite executive who owns various functional areas alone simply does not work. New Rewards:  Personalized, Agile, and Holistic. At the same time, the baby boomer population is almost as big as the Millennial cohort and as baby boomers work into their 70s, 80s, and beyond, they make up a similarly important segment of the workforce. As I was writing this trend I had the opportunity to interview the head of research for one of the largest technology companies in the world. is available here. Other Social Enterprises that provide innovative products and services to solve a social issue: BioLite, Kiva, Drink Soma, FairPhone, Faire Collection is an example of a social enterprise that serves the common good by employing disadvantaged people at a fair wage. This cohort is similarly skilled and ambitious and there is a tendency for business and HR leaders to leverage these groups. Let’s not let our companies turn into “clickbait” factories for our people, and in this trend we tried to give you some examples of how to deal with this issue.

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