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CSR and employee welfare

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You may have heard of several organisations talk about Corporate Social Responsibility, or CSR. In the past few decades this concept has become an essential part of how companies operate and their standing in society. In simple terms CSR means that businesses cannot not focus only on making profits, but must also consider their impact on people, communities, and the environment. With consumers becoming more aware, CSR has gained greater importance than ever before. Companies exert a lot of influence on society and this makes CSR very important. Large businesses use vast amounts of resources, employ thousands of people, and produce goods and services that affect everyday lives. With such reach, they naturally carry a responsibility towards the communities they operate in. A company that invests in education programs, supports healthcare, or creates jobs is not just helping people, it is also strengthening the society in which it does business.…