On Wednesdays, we startup.
To celebrate our women-identifying founders, we’ve put together ‘On Wednesdays, we startup’, a blog series dedicated to positioning women founders centre stage to acknowledge their work, complexities and wins!
We hope to push women-founder stories forward and share lessons learned and insights for other aspiring women entrepreneurs.
For this week’s feature, we handed the reins to Kelly Emery, the Founder of Troop and expert in startup development, to speak to social impact and what startups can do to not only add it to their business models but also elevate their social impact game.
Guest blog: By Kelly Emery, Founder of Troop
When a company helps the community they work in, people take notice. From clients to customers and current employees to prospective talent, social impact initiatives make people feel good about being a part of an organization that does good.
It gives people that warm and fuzzy feeling.
I’m not going to BS you — when times are good, it’s easy to give back and when times are difficult, it’s not. However, when times are tough social impact initiatives are needed most and your employees and customers take notice of how your organization responds to pressing needs in society.
Turn towards social impact initiatives, not away
No doubt, you’ve heard the saying, ‘when the going gets tough, the tough get going.’ During uncertain times, companies that choose to step up to help are the ones that are set apart. Businesses that engage in social impact initiatives are the type of purpose-driven organizations employees and customers want to align with, especially as we live in a post-pandemic world.
Oodles of research has been done on the topic and I’ve highlighted some in the Troop Guide to Social Impact. For example, studies have shown:
- Purpose-driven companies have 40% higher levels of talent retention than their competitors.
- 88% of employees say their job is more fulfilling when they can make a positive impact on social and environmental issues.
- 66% of consumers would switch from a product they normally buy to a similar one by a purpose-driven company.
All this is to say — now is the time to ignite a social impact program, if your company doesn’t already have one, or double down on any current ones.
Make a greater impact with social impact
Amp up your organization’s impact by engaging your employees in new and interactive ways. Did you know that:
- 78% of employees would work for a business if it sought their input into the charitable causes it supports
- 80% of employees are likely to provide input into the organizations a business donates to if given the opportunity
Employees want to do good at work, and for SMBs looking to make this happen, it’s not always easy to know where to start. Enter Troop.
Troop is a technology-based solution that brings together businesses and their staff with local charities and non-profits. It gives your team a voice in how your company can best help your community with a plug-and-play solution that’s easy to implement and requires minimal ongoing management.
So how does it work?
Each month your employees receive a curated list of vetted needs in the community and will pick the one that resonates with them most. Based on votes, Troop fulfills the selected need and provides a follow-up so they can see and feel the difference being made in the lives of the people they’ve helped.