In the wake of years of under-employment and wage stagnation, this report from The Hitachi Foundation identifies the policies and practices that are empowering businesses to boost competitiveness, while also improving wages, service, employee loyalty, and profits. Doing Well and Doing Good challenges assumptions that tough times inherently require cutting jobs and wages as a means to stay afloat.
For access to the full report, visit: Doing Well and Doing Good
The healthcare and manufacturing companies profiled in Doing Well and Doing Good help workers gain skills, retain their jobs, advance, and generate greater value. Those improvements resulted in higher profits, increased productivity, greater opportunities for workers, and (in the case of healthcare) better patient outcomes. Manufacturing firms grew in revenues and total employment.
Three innovation areas were critical to these improvements: human capital, products or services, and production or service delivery methods. The 14 profiled companies (selected from a diverse mix of 90 firms with similar approaches) achieved the largest gains for themselves, their workers, and shareholders by innovating in all three categories.