What Does Generosity Look Like in Business Operations?

goBeyondProfit

Tuesday, July 9th, 2024

In this year’s 2024 Business Generosity Report employed adults and executives told us that generosity is no longer a siloed charitable activity. Instead, Georgians are looking for it to permeate all aspect of a business. In fact, there are real business consequences for a lack of generosity in this space. 

We explored generosity in business operations by giving executives and employees a few concepts to consider. As a result, we learned what’s important to employees and what companies are currently incorporating.

When asked to identify the most important way a company can be generous in its operations, employees resoundingly chose pay equity (41%), followed by positive culture (20%) and purpose (16%).

In last year’s survey, 91% of employed adults ranked pay equity as their top demonstration of generosity to employees. This year, 93% say that pay equity (defined as equal pay regardless of gender, race, or orientation) is an important way to operate generously, with 74% saying this is very important.

Everyone agrees on the importance of maintaining a positive company culture: 69% of employees say this is very important. Additionally, 92% of employees say that having a company purpose that includes making a positive impact on people and the planet is important. As a result, we offer additional data and specifics here: Company Culture: Moving from Good to Great.

In the full report we explore where there is alignment between employees and employers and identify the greatest disconnects.