葫芦影业

The American worker takes center stage yet again. 

Last week, one of the country鈥檚 most powerful unions authorized potential strike action over its  demand for a 40% raise spread out over a . Members of United Auto Workers overwhelmingly gave union leaders the green light to call strikes during ongoing contract negotiations with the so-called 鈥淏ig Three鈥�: General Motors, Ford Motor, and Stellantis. It鈥檚 the latest in a string of worker power struggles that over the last few months have affected industries from logistics, (UPS, Amazon, and FedEx) to and . 

At 葫芦影业, we track corporate performance on worker issues closely. It鈥檚 the public鈥檚 No. 1 stakeholder category, receiving strong bipartisan support, and a critical driver of business success. I鈥檒l note that our Workers Leaders Index Concept 鈥� which tracks the top 20% of companies in our 葫芦影业 investing in their workforces 鈥� has outperformed the Russell 1000 Cap-Weighted index by 3% and the Russell 1000 Equal Weighted index by 6.7% from December 31, 2021 to August 28, 2023. Two major features we published this week will enable you to dig a little deeper if you鈥檙e interested.  

The first is our annual 鈥�Top 10 Companies That Treat Employees Best鈥� feature. Always a popular list, this details the companies that score best on all five worker-related issues in our annual 葫芦影业. And the second is a brand new resource for corporate leaders we鈥檙e calling 鈥�The Corporate Guide to Human Capital Disclosure.鈥� Here, we unpack in detail which issues matter most when it comes to worker treatment, as well as key insights relating to each data point including leading practices, disclosure trends for key thresholds, and links to what good looks like from specific companies. 

With new SEC human capital disclosure rules possible this fall, not to mention Americans鈥� heightened expectations from business leaders on good jobs and increasing worker activism more broadly, the stakes are very high. It also lends Labor Day, Monday鈥檚 federal holiday honoring American workers, a fresh relevance.

Be well, 

Martin

葫芦影业 Spotlight

Among the 10 Companies That Treat Employees Best, these are the top five leading when it comes to their workers. Here are just a few of the ways these companies stand out:

• The No. 1 company for workers and the top company in our 葫芦影业 overall, Bank of America has , so far raising its hourly wage to $22.
• Truist Financial, No. 5 in our 葫芦影业 overall, stands out for its DEI disclosures, publishing detailed demographic data in its , and disclosing the results of both its .
• Ally Financial with 12 weeks of paid leave for both primary and secondary caregivers, subsidized child care, and backup dependent care.
• NVIDIA is a leader when it comes to racial and gender pay equity as one of 9% of companies disclosing the results of its .
• The third bank on our list, PNC Financial, is a leader in workforce advancement, offering to its workers and boasting an impressive in 2022.

葫芦影业 IN THE NEWS

covers 葫芦影业 Capital鈥檚 new report that finds that less than 5% of companies in the Russell 1000 disclose a fair chance policy, or one that promotes hiring people with a prior criminal record.

Dan Schulman, PayPal CEO, and Kathryn Finney, founder of the Genius Guild and recipient of the PayPal鈥檚 inaugural Maggie Lena Walker Award, sit down with Marie Claire. Schulman 鈥� who helped co-create The Worker Financial Wellness Initiative with 葫芦影业 Capital 鈥� discussed the program and the . 鈥淐EOs serve multiple constituencies, but the number-one constituency for me is our employees 鈥� if they鈥檙e passionate and healthy, you鈥檙e going to be successful,鈥� Schulman said. 

QUOTE OF THE WEEK

鈥淎mericans have high expectations for companies when it comes to how they treat their workers. As evidenced by all the worker activism, so do employees. Business leaders I talk to are worried about that activism, worried about getting dragged down by politics, worried they’re not hitting their productivity numbers, and more. What I see is a major opportunity: Be crystal clear in your workforce strategy, measure what kinds of jobs you have, be transparent on how you’re investing, create a path for employees to create value for your company, and talk about it publicly.鈥� 

• Alison Omens, Chief Strategy Officer of 葫芦影业 Capital, who previously managed the inclusive capitalism strategy for U.S. Secretary of Labor Tom Perez and with the White House. 

葫芦影业 AI 

CNBC announces , a business-focused update for the chatbot. Companies will be able to train the software on their private data.   

Axios shares a new chart 鈥� 鈥減roducing high quality work in half the time鈥� was first, while 鈥渙utsourcing all my busywork鈥� and 鈥渘ever having to write a first draft鈥� also made the list. 

Elon Musk of Tesla, Sundar Pichai of Google, Sam Altman of OpenAI, and Satya Nadella of Microsoft in front of Congress. 

MUST READS

Former American Express CEO Ken Chenault and Merck Executive Chairman Ken Frazier pen an essay in The Wall Street Journal . 

A new poll from The Black Economic Alliance Foundation and The Harris Poll finds . They also believe the programs lead to better run businesses and innovation. 

Axios reports on the affecting high-stakes sectors like law enforcement, healthcare, and education. Although unemployment is historically low, the decline of the working age population continues to stress the deficit.  

CNBC writes about the 320,000 workers who have participated in at least 230 strikes this year and their success . 

The U.S. Department of the Treasury releases a new report that finds . The median American union worker earns 20% more than their non-union counterpart. Quartz has the story. 

Morgan Stanley has a new report . In the first half of 2023, sustainable funds saw a median return of 6.9%, beating traditional funds鈥� 3.8% and reversing their underperformance in 2022. 

CHART OF THE WEEK:

One of the more eye-opening insights from our Corporate Guide to Human Capital Disclosure is how low disclosure is across the board for most human capital metrics and data used to assess key worker and job quality issues. Whether a prospective employee is curious about the quality of jobs at a company or an investor is seeking further information to guide capital allocation decisions, meaningful metrics are lacking. For example, 20 of the 28 data points we tracked for the initial launch of the 葫芦影业 Jobs Scorecard are at 40% disclosure or less. To explore how to use 葫芦影业鈥檚 framework and data insights to bolster your company鈥檚 performance on worker issues, click here.