{"id":48047,"date":"2023-10-20T15:57:04","date_gmt":"2023-10-20T15:57:04","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/business-students-willing-to-sacrifice-future-salary-for-good-corporate-social-responsibility-study-startupsmart\/"},"modified":"2023-10-20T15:57:04","modified_gmt":"2023-10-20T15:57:04","slug":"business-students-willing-to-sacrifice-future-salary-for-good-corporate-social-responsibility-study-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/business-students-willing-to-sacrifice-future-salary-for-good-corporate-social-responsibility-study-startupsmart\/","title":{"rendered":"Business students willing to sacrifice future salary for good corporate social responsibility: study – StartupSmart"},"content":{"rendered":"
More than 90% of business students in a study on corporate social responsibility said they would be willing to sacrifice some percentage of their future salary to work for a responsible employer. A surprising number of 14% are willing to sacrifice more than 40% of their future income to do so.<\/p>\n
However business students who were also employed full or part time were willing to sacrifice less of their future income than other participants. Those employed made up more than 60% of participants (30% occupying management positions).<\/p>\n
While it\u2019s easy to sacrifice a non-existing salary, these results show how committed business students are when it comes to working for socially responsible companies. It also sends a strong signal to both business schools and potential employers.<\/p>\n
As part of a UN initiative Principals for Responsible Management Education, we conduct a biannual global study on the attitudes of business students. The survey asks them about their values and personal responsibility; attitudes towards corporate social responsibility and the importance of working for responsible employers.<\/p>\n
More than 1,700 business students from 40 countries participated in the latest survey in 2016. Students were at both at the undergraduate (40%) and postgraduate (60%) level and the most participants lived in Brazil (17%), India (13%), US (13%) and the Netherlands (12%).<\/p>\n
Participants were aged between 17 to 69 years, but more than half were in their 20s and 46% were females. More than 60% of the respondents were working either full time or part time and 30% occupied managerial positions.<\/p>\n
Overall, it was more important for female students that their employers were ethical, sustainable and cared about their employees.<\/p>\n
We defined corporate social responsibility in this study as business decision making that is linked to ethical values, compliance with legal requirements, and respect for people, communities, and the environment around the world. We then asked the students to indicate their level of agreement with 11 corporate social responsibility and ethics statements, from one (strongly disagree) to five (strongly agree).<\/p>\n
Most business students we surveyed showed positive attitudes towards corporate social responsibility and responsible management education. Approximately 75% of students agreed with the following statements: \u201ccompanies should do a lot more for society and the environment\u201d; that \u201csocial responsibility and profitability can be compatible\u201d; and that \u201cbusiness has a social responsibility beyond making profits\u201d.<\/p>\n
Most students disagreed that \u201cthe most important concern for a firm is making a profit, even if it means bending or breaking the rules\u201d.<\/p>\n