Before working for a business , we should consider ethical and social responsibility issues. This allows us to assess if the company’s ideology matches our own. A company’s employees should always be treated with respect. They should feel valued and respected.The business should provide you with resources to help you grow and and improve your economic livelihoods
A company such as Visa has a lot of social impact by giving back to businesses and communities. They give back to businesses by providing them with resources to help enable them skills and access to networks and financial services to help them grow their business. Small and micro businesses have priorities like Financial education and digital skill building.
Not only is the company giving back but Visa strongly supports its employees to make a difference in their communities in ways that inspire them, whether via volunteerism, philanthropy, or empowering individuals and communities who need it. They support them by giving their employees up to 16 hours off for volunteer work and matching gifts to $10,000 annually per employee.
Some of the best things that Visa did was contribute more than $23.5 million to charities and the visa foundation funded $22.7 million in grants. Also that the employees get time off for volunteering, that seems really cool and the small business owners get to network so that they can build their business. I think I might work for Visa in the future.
As a network that I only use when I use my debit card I think they are doing great on social responsibility. I don’t think that Visa should change what they are doing. This is exactly what companies and networks should be doing.
Soure(s)
https://usa.visa.com/about-visa/social-impact.html
Hi Cristal, Visa’s corporate social responsibility is similar to those of other companies CSR. The aim is to take responsibility for corporate actions, CSR makes the company create a positive impact. Visa focuses on empowering individuals as well as communities which is what H&M does as well. Like you said, we should definitely look at the ethical and social corporate responsibility of a business before we decide whether or not to work for them. If we join or work for a company without knowing what they stand for or focus on, it will ultimately reflect on us as well. Since Visa is not only giving back to good causes but supporting their employees strongly, it shows that they have an amazing CSR that creates positive impacts. One thing you can improve on is to go more in depth on what Visa should do to change their CSR. Do more research on their CSR to see what others think so you can know if they actually promise what they say they are going to achieve. I learned that Visa has many positive social impacts. I was wondering isn’t it unfair that employees get time off for volunteering but not for just doing their job? An example would be, all employees should get time off for their mental health.