Newsletter Feb 15, 2023
Social Capital

Editor's Note

Welcome to the latest edition of the Social Capital Newsletter. Social Capital is an intangible asset at the heart of a new and dynamic view of success, one that is changing business and the world as we know it. Many companies ask employees to bring their whole selves to work, but many employees lack a sense of belonging. They don't feel they can truly be themselves at work. The Social Capital software giant UKG has found a way to foster belonging, one that starts with the motto "Uniquely valued. Uniquely you." One key element: "Culture add." Rather than seeking "culture fit," which can turn an office into a clone zone, UKG seeks "culture add," where each person's uniqueness supplements the culture. This is just one of the groundbreaking ideas you'll read in "Belonging: A Deeper Understanding of Diversity, Equity and Inclusion" by Chris Todd, CEO of UKG, and Brian Reaves, chief BD&E officer. Their ideas will help you take your DE&I efforts to the next level: DE&I + belonging.

Belonging: A Deeper Understanding Of Diversity, Equity And Inclusion

CEO and Chief BD&E Officer for software giant UKG explore why it's so crucial.

Trending Social Capital Stories
Someone Somewhere Visionary Business Model Partners With Artisans To Profit Together

Antonio Nuno's tech helps remote villagers lift selves out of poverty through talent.


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The Sustainable Edge: 15 Minutes A Week To A Richer Entrepreneurial Life

If your business is not growing by 15% a year, it's falling behind. Yet how do you achieve consistent growth while maintaining work/life balance? That's the question that Ron Carson, founder and CEO of Carson Group, and Scott Ford, founder and CEO of Cornerstone Wealth Management, tackle in The Sustainable Edge. In the pages of this bestseller, they offer practical strategies for changing your work routine so you can stay focused on what really matters in all areas of your life. For more insight to sustainable business models, see "Someone Somewhere Visionary Business Model Partners With Artisans To Profit Together."


Splurge

John Boos, founded in 1887, is one of the oldest makers of premium-quality food service equipment in the country. Enthusiastic home cooks have caught on, and many stock their kitchens with the professional products made by this company in Effingham, Ill. If you're looking to do more healthy home cooking this spring, give yourself daily inspiration with one of John Boos' sustainably-made cutting boards, which start at $69.95. And, if you're passionate about sustainable eating, you won't want to miss our story "Chipotle's Amazing Recipe For A Better World."


Coming Up

Investing In People: Delta is raising the game on financial wellness with multiple pay increases and an annual profit-sharing day. CEO Ed Bastian explains why. Sign up for our weekly newsletter so you don't miss any stories like this here.


THE BUSINESS OPTIMIZER

In a sign of how widely Social Capital ideas are spreading, most executives (66%) have taken a pay cut during the past six months, with 94% doing so to avoid laying off team members, according to ResumeBuilder. For other ways leaders are living the ideals of a more equitable workplace, dig into "CEOs Who Share The Wealth."


Social Capital in Action

Humility is a quality that's in short supply in the corridors of power, but it's essential to running a Social Capital company. And one foundation is recognition that you may not know what another person is experiencing. Tom Nolan, CEO of Kendra Scott, embodies this mindset. His leadership philosophy: "It's really having empathy for what people are going through. And understanding what people are going through in their personal lives. To be able to give them the comfort, and the safety if you will, to be able to live their best personal lives. It's ultimately going to lead to them leading their best professional lives as well." Read more of his wisdom in "CEO Tom Nolan's Humility Is His Leadership Superpower At Kendra Scott." 


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