open for business updates


We won't send a ton of junk, just the good stuff.


CSR reaches beyond recycling

Social responsibility isn’t just about recycling, saving energy and donating company profits. The way a company treats its employees is a very important when it comes to social responsibility. Many employers have found that the return on investment for having a strong corporate social responsibility (CSR) plan is well worth it. 

Studies show that happy employees can improve profits, increase market share, and improve productivity and diversity of the workforce. A study in the Business Intelligence Journal reports that employees who are pleased with their company’s commitment to social causes and environmental responsibilities have more commitment, engagement and productivity. 

The numbers are proof that a strong social responsibility mission is worth it. When employees have positive feelings about their employer’s commitment to socially responsible business, employee engagement increases to 86 percent.

This leads to many important measurable factors:

  1. 1.  Higher Productivity
2.  Team Bonding
3.  Company Loyalty
4.  Attraction of Young, New Talent 
5.  Less Turn-Over

When we see the unemployment rate decrease daily, employee retention is vital for a company's survival. Also reported in the Business Intelligence Journal, the cost to replace a mid-level employee is approximately 20 percent of his or her salary. This can be the result of lost productivity, mistakes with customer service, training costs and the cost to advertise, interview, screen and hire. So for a $40,000 employee, the cost to replace them is likely to be about $8,000.

According to the American Progress Report, Companies on the Fortune’s list of the 100 Best Companies to work for have less employee turnover than the average. It isn’t a surprise that these companies also have the strongest, most publicized and renowned CSR programs as well.

Be sure to read the next issue of Open for Business to learn more about how to have a happy work place and improve on employee engagement.

About the Author

Open for Business, Central Nebraska
The Open for Business Staff strives to create the most useful content possible for businesses. Whether it's tips and tools available for owners to work smarter, not harder, a feature story highlighting amazing things happening with a Central Nebraska business or a fun tip here and there, you will find something that helps your business thrive at 


Tell A Friend

Tell a Friend



Check out this article from Open for Business Magazine!
Captcha Image

Submitting Form...

The server encountered an error.

Form received.

Captcha Image

First National

Taxes, Change and Planning14-Oct-2015

Your Family Business Family-owned businesses come in different shapes and sizes, from Walmart to small home-based organizations. ..

Investing in Education15-Jul-2015

Will Nebraska come out ahead? Nebraska is a large and diverse state. Our public schools have an enrollment of over 300,000 ..

No Iron-Clad Equation20-May-2015

Local artist shapes career path from passions As a graduate with an art degree from Hastings College, owning my own business wasn&rsquo..

Growing with Grants10-Mar-2015

Boost your organization There are a variety of direct and indirect grant opportunities available for the Nebraska agriculture indust..

Deductive Reasoning13-Jan-2015

Tax savings + business improvements = success With the new year upon us, we welcome many opportunities to better ourselves while also imp..

Above the Bar05-Nov-2014

McDermott & Miller CPAs explain: cross-training pays off in in the professional world When customers become clients, ..

The Price Tag of Help11-Jul-2014

Independent Contractor...or Payroll Employee Hiring payroll employees is a BIG responsibility, requiring extra paperwork, costs and comp..

ROI on Happy Employees01-May-2014

CSR reaches beyond recycling Social responsibility isn’t just about recycling, saving energy and donating company profits. The way a c..

Once Upon a Time there was a Bank Account02-Apr-2014

The story behind your numbers The timely completion and receipt of interim and annual financial statements are critical to the success a..

Cash Flow21-Jan-2014

Blueprint for Your Business Numbers There are several important factors to consider when putting together the financial plan for a new b..

Our Partners:

© 2015 Open for Business Magazine, LLC  All rights reserved