Just Capital's new report: "The Win-Win of JUST Jobs" taps into the intensifying scrutiny of companies' HCM practices with its analysis of 2018 workforce policy disclosures by 890 of the largest US public companies. The initiative aims to incentivize other companies to disclose their policies by correlating particular disclosure practices with a higher 5-year ROE (Return-on-Equity). Of the nine policy types analyzed, eight were correlated with a higher median reported ROE among those companies that made disclosure relative to those that did not make disclosure.
Among the disclosures that correlated with a higher ROE:
- Gender pay equity analysis
- Diversity & EEO policy
- Diversity & EEO targets
- Detailed parental leave policies
- Day care services
- Flexible working hours
- Career development policy
- Tuition reimbursement policy
The one policy type for which disclosure did not equate to a higher ROE was PTO. In that case, those not disclosing a policy had an "ROE advantage" over those that disclosed detailed or boilerplate PTO policies.
See also the interactive "JUST Jobs Policy Tracker" (page bottom), which allows users to filter disclosure results among the 890 companies by policy type, company, industry, and ranking, and Just Capital's release. This post first appeared in the weekly Society Alert!