• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Sproutee Inc

Sproutee Inc

Websites, Ecommerce, SEO G Suite

  • Portfolio
  • Pricing
  • Contact

How Small Businesses Create Social Value

You are here: Home / Web Design & Development / How Tos / How Small Businesses Create Social Value
how small businesses create social value
A team is stronger than the sum of its parts

‘Social value’ is an economic concept which considers the softer outcomes of an undertaking alongside more easily measurable factors such as financial returns. In Britain, with talk of a ‘broken society’ and August’s eruption of looting and street violence, we wondered how small businesses create social value in their communities. Here’s our top 3 approaches to creating social value that can work for many small and medium sized businesses in the UK.

Give As You Earn

Payroll giving is a tax efficient way to donate to your favourite charities. There a range of HMRC approved payroll giving agencies. One of the most established payroll giving agencies is the Charities Aid Foundation and they’ve published guides on how to set up a give as you earn scheme for your employees. By setting up a GAYE scheme at your company, you can help to facilitate your employees’ giving at a time when charities are in greatest need of support.

Opportunities for Young People

The recession has hit youth unemployment particularly hard with 1 in 5 young people reported as unemployed. Organisations of any size can benefit from the new ideas, fresh skills and enthusiasm of younger people. Consider creating opportunities for youth employment such as a work placement scheme. The National Council for Work Experience provides a guide to the types of work experience that your business could offer. By providing work experience opportunities, your business could temporarily expand its human resources with a lower financial cost while at the same time equipping younger people with valuable real-word skills and industry insight.

Act Local

‘Think global, act local’ is something of a cliché, but its sentiment certainly has important implications for how small business create social value. Choosing to work with local providers wherever possible is a great way to contribute to the prosperity of your local community while securing the goods and services required by your business. Not only can your business benefit from building relationships with other local businesses and take advantage of the synergies that may exist between businesses, but, just as ‘a rising tide lifts all boats’ by working with other local providers your business can contribute to sustainable local prosperity.

What has your business done to add social value? Comment below and let us know or subscribe to our feed!

  • Share
  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)

19/08/2011 by Meg Smitley in How Tos

Website Packages

Put your best foot forward.

Attract more leads with a professional website

Get started

Footer

Links

  • Home
  • About
  • Blog

Services

  • Free website audit
  • Web design & websites
  • Ecommerce websites

 

  • Marketing & SEO
  • G Suite
  • Hosting
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
Copyright © 2023 Sproutee Inc · Privacy policy · Terms & conditions · Sitemap
This site tracks visits anonymously using cookies. We use this information to improve your experience of our site. You can opt-out if you choose.Accept Reject Read More
Privacy Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT