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By Arthur Mazor, Principal, Deloitte Arthur Mazor, Principal, Deloitte The rising emphasis on employee wellness and well-being isn’t happening in a vacuum. It can actually be traced to much broader disruption that is drastically and rapidly affecting business, the workforce, and how works gets done. On the business side, many companies are shifting, evolving, and even disappearing at an unprecedented pace. In 1964 the average tenure on the S&P 500 was 33 years.
Companies can no longer relegate corporate social responsibilities to "check-the-box" initiatives. Instead, the rapid pace of technological change and individuals' demand for corporate transparency have put significant pressure on businesses to address pervasive societal issues. Now, purpose may need to take center stage in corporate strategy as private companies evolve into social enterprises.
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