Host and Guests: Tom Parks, Director of Retirement Plan Services at Annex Wealth Management, is joined by Lori Malett and Eric Becher from Hatch Staffing to discuss being an employer of choice.
- Focus of Discussion: The episode shifts from previous topics (flexibility, compensation) to fostering a culture of giving back within a company as a key element of workplace culture and employer appeal.
- Importance of Giving Back: Tom views giving back as essential for a positive company culture, influencing other aspects like flexibility and compensation, and requiring deliberate intent to implement effectively.
- Trends in Corporate Giving:
- Lori notes companies are rallying around specific charities meaningful to their employees.
- Many offer paid volunteer hours as a benefit, encouraging community involvement and emphasizing collective responsibility for improving the local area.
- Team Dynamics: Tom suggests that working with colleagues uninterested in giving back could dampen workplace morale, implying it’s a marker of a collaborative, enjoyable team.
- Success Stories:
- Eric shares examples where Hatch Staffing rallied around employees facing personal challenges, strengthening team bonds and fostering a sense of purpose beyond material rewards.
- Generosity is described as contagious, amplifying its impact when supported company-wide.
- Deliberate Implementation:
- Tom and guests agree that fostering a giving culture requires proactive effort, not just assumption it will happen naturally.
- Annex Wealth Management, for example, has a charitable foundation, dedicated volunteer hours, and encourages involvement in personally meaningful causes.
- Practical Approaches:
- Companies can encourage involvement through small, authentic actions rather than grand gestures.
- Lori emphasizes aligning giving with employees’ passions, noting Hatch staff often volunteer without claiming hours when the cause is personal.
- Pitfalls to Avoid:
- Eric suggests using tools like Charity Navigator to vet charities, avoiding those that misuse funds and could harm the company’s reputation.
- Tom raises the risk of cynicism (e.g., perceptions of publicity stunts), but Lori counters that the community benefit outweighs such criticism.
- Guidelines:
- Avoid inauthenticity by focusing on employee-driven causes rather than arbitrary or highly publicized charities.
- Posting about efforts on social media is framed as raising awareness, not gloating, to engage others in the cause.
- Broader Impact:
- Lori ties giving back to regional thriving—strong businesses support better communities, education, and overall quality of life in southeastern Wisconsin.
- Even if some efforts are publicity-driven, the positive outcomes still matter.
- Final Thoughts:
- Education and listening to employees are key to embedding giving back into company culture.
- This component links to upcoming topics (leadership, brand), reinforcing sincerity as critical to being an employer of choice.
- Next Steps: The series will continue exploring leadership and brand as additional building blocks for employer appeal.
Disclaimer: The podcast is for educational/entertainment purposes, provided by Annex Wealth Management LLC, and not intended as specific tax, legal, or investment advice. Listeners should consult qualified professionals for tailored advice.