corporate responsibility latina entrepreneur

Successful corporations choose social responsibility

corporate responsibilityBy Jesse Torres

While significant money and energy has been invested in job training, resume preparation, and job creation, little has been done to address the most nuanced yet important aspect of job hunting – the interview suit. Despite the fact that prospects bring enhanced resumes and skills, they remain ill-prepared if they lack the proper attire.

The nonprofit Dress for Success describes the dilemma of Emerging Employees as a catch-22. Emerging Employees are preparing themselves to enter the workforce but without a job they cannot afford a suit. And without a suit they struggle to obtain a new job. In an effort to assist, Dress for Success has activated chapters throughout the U.S. to assist women with training and interview attire.

But nonprofits are not the only organizations lending a hand to Emerging Employees. For seven years Men’s Wearhouse, a national men’s apparel retailer, has coordinated a July clothing drive at over 1,100 Men’s Wearhouse locations. Men’s Wearhouse calls its annual clothing drive the National Suit Drive.

In an effort to encourage donations the retailer exchanges 50% discount certificates for donated suits, ties, jackets, shirts, pants, belts, and shoes. This smart incentive not only encourages donations, but also promotes new sales. Donated apparel is distributed to nonprofits throughout the country that provide job ready skills and training to unemployed and underemployed men.

In the post-Great Recession period Men’s Wearhouse has done a good job of listening to the masses. Today’s consumer expects more than just a product or service. In the post-recession era the business community is expected to reinvest into the communities from which it is earning its profits.

While many may dismiss the National Suit Drive campaign as merely a public relations tactic, the reality is that social responsibility is no longer an option – it is a requirement. In our social media-enabled society where every consumer is a potential influencer, corporations have learned that maintaining and maximizing profits requires a social responsibility strategy.

In the case of Dress for Success and Men’s Wearhouse, these acts of charity can be the difference between getting the job and spending another week on unemployment. And of course, there should never be anything wrong with doing good business by doing good.

 

 About Jesse TorresJesse_Torres

Jesse Torres has spent nearly 20 years in leadership and executive management posts, including executive management roles at financial institutions. In 2013 the Independent Community Bankers of America named him a top community banker influencer on social media. He is a frequent speaker at financial services and leadership conferences and has written several books. He hosts an NBC News Radio show called Money Talk with Jesse Torres.
Follow @jstorres or contact  Jesse@JesseTorres.com

 

About Susana G Baumann

Award-winning journalist, author, multicultural expert, public speaker, small business advocate and the Editor-in-Chief of LatinasinBusiness.us. Susana is an Argentinean immigrant who started her own small business over 20 years ago. Now, through her new digital platform and social media channels, she advocates for the economic empowerment of Latinas in the United States.
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