The NYU Stern Center for Sustainable Business (CSB) is pleased to announce the launch of a ground-breaking research project on quality jobs with the generous support of Prudential Financial and Robert Wood Johnson Foundation, and data and thought leadership collaboration with JUST Capital and Arabesque.
Over the last 50 years, many corporations have increasingly treated employees as an expense to be minimized or an externality-- through outsourcing, offshoring, or automation. Some employees that remain on payroll often earn less than a living wage, receive minimal benefits, and have stressful working environments. As this corporate approach has been justified in the name of improving shareholder returns, CSB aims to explore the drivers and financial benefits of quality jobs for companies in the Russell 1000 Index, using unique ESG data provided by our collaborators, JUST Capital and Arabesque. We will employ a novel framework to assess the security, viability, and flexibility of jobs across the Russell 1000 and determine if, and how, job quality and creation result in improved corporate financial performance and shareholder returns.
The research project, which is part of CSB’s Quality Jobs and Worker Wellbeing Research Initiative, will explore whether investing in improving the quality of employment is beneficial for corporate financial performance and investor returns.
CSB’s social science research focuses on the connections between social and environmental systems. We explore topics such as the interplay between worker wellbeing and environmental decision-making, as well as quality jobs, and corporate environmental performance. This project, launched in early 2020, builds on the CSB publication Shareholders Are Stealing Our Jobs, research on worker wellbeing, as well as our research on the Return on Sustainability Investment (ROSI).
- What are the drivers of and benefits to companies that provide high-quality jobs?
- Which type of companies are providing high-quality jobs?
- What is the relationship between social and governance metrics and job quality?