13 July 2015
Living Wage, employers & poverty:The week's Great Business Debate highlights
Highlights of the last, and next, seven days in the CBI’s trust-in-business campaign
The Great Business Debate in which we discuss the Living Wage & employers' role in tackling poverty.
Big & small business: Questions of trust - Amazon, Creative Nature & PMI
This week look out for:
Employers must be central to tackling in-work poverty
Following the Budget's Living Wage announcements, Barry Knight of the Webb Memorial Trust writes for The Great Business Debate. The Trust is named after Beatrice Webb – co-founder of the London School of Economics and funds anti-poverty projects in the UK. He says:
“How many CEOs would be able to provide a figure for the number of their workers living below the poverty line? How many managers hear the stories of families in their firm struggling to make ends meet? ………………………………Of the three variables associated with in-work poverty, two are under the direct control of employers – hours and pay.”
Is big business benefitting at the expense of small business?
Rebecca Seddon is Managing Partner at Process Management International (PMI) - consultants helping companies improve their performance.
In her video interview for The Great Business Debate she says healthy, positive relationships are good for the reputation of business but also for the companies themselves.
“Take advantage of that smaller supplier, meaning maybe you don’t pay them on time, for example ………………and suddenly they’re in a crisis, a cash flow position, and they’re out of business. So that means, next time you need that same service they’re not there.”
Do people believe companies can’t even keep their promises to each other? How big a problem is late payment of suppliers? In business, does big really equal bad?
These questions were discussed at the latest Great Business Debate panel event where we recorded these three podcasts.
Julianne Ponan, CEO of Creative Nature - a superfoods company – since 2012 when she was 22
Trust and balance are as important for business as growth and profit
“People want to be able to trust businesses to act with a purpose that goes beyond growing and making profits. This means companies face a critical challenge. How do we define and measure trust in business with the same rigour as growth and profit?”
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