BENCHMARKING TRANSPARENCY IN FTSE 100 CORPORATE REPORTING
With 6.3 million employees worldwide, FTSE 100 companies face a multitude of obstacles in corporate reporting. Transparency, both internally and externally, has made huge inroads in the past, however, according to the Business in the Community (BITC) Workwell survey, there is still a ways to go for some.
Overall, FTSE 100 companies scored a 21% in the benchmarking survey for transparency in reporting. The low score was, according to BITC, expected because of the challenges these sprawling and global companies face.
Of the subject-based benchmarks, employee engagement ranks at 100%, but transparency in regards to specialist support for employees and building work relationships were both low, in the 60s or 70s.
Sector benchmarks included manufacturing and mining as the best reporting sectors for health and safety, at 75% and 67% respectively. As both industries are reliant upon health and safety communications to be transmitted effectively internally, this benchmark success is welcome news. Manufacturing was also the highest reporting sector overall with engineering at the bottom end of the scale.
Irwin Lee, MD of Procter & Gamble UK and chair of the Workwell Leadership Group, says, “This is a critical first step towards open reporting on employee engagement and wellbeing, and comes at a really important time. Now more than ever our businesses need to demonstrate their resilience and this means people must be at the centre of both business and organisational strategy. We expect to see significant benefits for individuals and our overall businesses from this important work to consolidate and formalise public reporting of wellbeing and engagement levels in our organisations.”