Exploring the Need for a Work Environment Reporting Standard
Research has also shown that a poor work environment can detract from a company’s performance and profitability. An improved work environment might also provide a company with other sources of competitive advantage. For example, consumers would preferentially select stores carrying, and goods made, under healthy working conditions and are even prepared to pay a premium for such goods. Other studies have shown links to operational efficiencies and improved quality with improvements in the work environment.
There is, therefore, considerable potential advantage to be gained by securing a good work environment in a company’s operations, including its supply chains.
Despite these needs and benefits, there is relatively little guidance available to companies on how to report on their work environment performance. This research report explores the need for a work environment reporting standard.