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Description

The concept of corporate social responsibility (CSR) is related to corporate self-regulation, a self regulating mechanism through which corporations embrace the responsibility for the impact of their activities on several aspects including the environment, consumers, employees, communities, stakeholders, ands the like. In other words, the business enterprise has certain responsibilities to its employees, consumers, communities, and other stakeholders. Realization as well as implementation of these responsibilities is an important factor in the success of the organization. The practice of CSR is significant in order to promote public interest, which the organization can achieve by encouraging community growth and development within the organization. This would further contribute substantially in strategic corporate decision making leading to competitive advantage for the company as well as improved performance of the employees.
While discussing corporate social responsibility, it is important to note that commitment to the employees as well as to human rights at work is the most significant concern of the corporation. The organization is responsible for providing the employees a workplace in which they are respected. The management authority should try to decrease workplace imbalance by reducing discrimination cases while providing equal opportunities for all employees. In the age of globalization, cultural diversity plays a characteristic role in workplace situations where employees come from different cultural and ethnic backgrounds along with various experiences. In such cases, workplace discrimination is a very common feature. Therefore, it the primary objective of the management authority of an organization to promote workplace integrity by encouraging its employees to engage in constructive interaction among themselves. The ultimate goal of the management is to achieve a healthy work-life balance in the organization.