CSR MAKING GOOD BUSINESS SENSE IN INDIA: CONCLUSIONS(3)

CONCLUSIONS(3)

Benefits such as improved reputation, stronger customer loyalty and motivated employees should not be overlooked, and can in fact be measured. For example, improved motivation could lead to reduced absenteeism and reduced staff turnover. Similarly, customer loyalty could increase levels of repeat purchasing…

Identifying and Measuring Indicators of Success

1. You can benchmark your business against others.
2. Some of the UK’s largest Companies publish CSR reports online…
3. You can use key performance indicators (KPIs) to measure your environmental performance. .
4. The Community Mark Standard lets you measure Community Involvement…

It’s worth remembering that measurements will probably only show the immediate impact of CSR. The biggest benefit can be the long-term improvement in your reputation.

Benefit from Corporate Social Responsibility

Make the most of your Corporate Social Responsibility (CSR) activities by publicizing them. Ensure that Customers, Suppliers and the Local Community know what you are doing. CSR lends itself to good news stories.

Publicity like this can be a key part of using CSR to win contracts. People want to buy from businesses they respect. CSR can be particularly effective for targeting ethical Companies, the Public Sector and not-for-profit Organizations.

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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