Glossary of Employee Recognition, Total Rewards, and Company Culture Terms
Corporate Social Responsibility (CSR) is the concept that businesses should not only focus on generating profits but also on making a positive impact on society and the environment. CSR involves taking responsibility for the impact of a company's activities on the community and the environment, and working to improve the quality of life for employees, customers, and other stakeholders.
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CSR is important because it helps businesses build a positive reputation, strengthen relationships with customers and stakeholders, and create a sense of purpose and meaning for employees. When companies prioritize CSR, they are more likely to attract and retain employees who share their values and are committed to making a difference in the world. These keeps everyone working toward the same goal, which enhances productivity and motivation.
CSR drives employee engagement and motivation by providing employees with a sense of purpose and meaning. When employees feel that they are part of a company that is committed to making a positive impact on society and the environment, they are more likely to feel motivated and engaged in their work.
Some best practices for CSR include:
By incorporating these best practices into their recognition programs, companies can effectively leverage CSR to motivate and engage employees, while also making a positive impact on society and the environment.