Using philanthropy to motivate employees can backfire, a study published by Economic Journal indicates.
When workers were told additional labor would reward a charity, they were less motivated than when they were offered no reward at all, The Wall Street Journal reports. The great majority of people, 85 percent, did more work when they knew the result was an increase in their own compensation.
Stephan Meier, a professor at Columbia Business School in New York and coauthor of the paper, says workers may see philanthropy as manipulative when it is used to get them to do more work.
“Tying charitable contributions to workers’ productivity or output was actually worse than doing nothing at all,” Meier told The Wall Street Journal .
Another coauthor of the paper, Lea Cassar, says there is a big difference between an opportunity for an employee to improve his or her own standing and a charitable donation on their behalf.
“Charitable and monetary incentives clearly don’t work the same way,” Cassar told The Wall Street Journal .
Although employees are not strongly motivated by philanthropy, many corporations are moving more aggressively into political issues, focusing on environmental, social, and governance (ESG) metrics. That involves making so-called sustainability more important than profitability.
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“The popularity of ESG investing has impacted the cost of capital of companies,” writes Larry Swedroe approvingly for Advisor Perspectives . “Because ESG investors favor companies with high ESG scores and avoid those with low ESG scores, those with low ESG scores will tend to have higher costs of capital, putting them at a competitive disadvantage. Thus, one positive result of the popularity of ESG investing is that it is causing companies to focus on improving their ESG scores to lower their cost of capital.”
Attempting to tie employee productivity to philanthropy and a focus on environment, social, and governance issues places corporations in the center of woke culture. If employees do not agree, they have little to no recourse against companies’ support of leftist ideology in the workplace.“For years, the left has cleverly placed issues like climate change, racial equity, and gun control under the umbrellas of ‘corporate social responsibility’ and […]
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!