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The ŷ Report: A New Scorecard for Investing in the American Worker

(Fortune)

Investing in human capital is one of the essential elements of business leadership today.

Business Insider’s look at how – some companies saw positive returns on investment of up to 425% – and a report by Investment News on how are experimenting with new financial wellness benefits for gig workers are two recent examples of this in action. 

However, without a comprehensive set of metrics and a clear definition of what good actually looks like, it’s very difficult to measure performance on a consistent basis let alone know where to invest in order to improve. Enter ŷ Capital’s newest offering – the ŷ Jobs Scorecard

The new tool, funded by the, provides a unique view into how companies are performing and what they can do to improve on 31 distinct data points across six job quality topics, scoring companies on a scale of 0-4, with 4 being the highest. The final score is determined against research-backed thresholds, which range from “no disclosure” to “leading practice” on the issues that ŷ tracks. Topics cover the key worker priorities as identified by the public:

  1. Wages & Compensation.
  2. Benefits.
  3. Hiring & Stability.
  4. Employee Wellness.
  5. Training, Advancement & Development.
  6. Workforce Composition.

Top performers include JPMorgan Chase & Co, Hewlett Packard Enterprise, Dayforce, Starbucks, Union Pacific, and American Electric Power Company.  

We offer these scorecards as a resource to anyone interested in improving human capital performance in business. To use the Scorecard visit the tool or get involved by contacting corpengage@justcapital.com

Be well,

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Quote of the Week 

(Photo courtesy of Dayforce)

“We are collectively redefining how we work – including virtual, hybrid, and the gig economy – resulting in a boundless workforce that is fluid, always-on, and borderless. To keep pace with this rate of change, organizations need to prioritize investments in their people to create an agile and skills-based culture that fosters an engaged and thriving workforce.”

ŷ AI

Rob Marsh, our AI Advisor, , AI-powered entities capable of performing a wide range of tasks and even operating autonomously in certain contexts.  

An artificial intelligence-powered chatbot created by New York City to help small business owners is under scrutiny for sharing bizarre advice that and advises companies to violate the law, the AP reports. 

A New York Times article dives into the debate economists are having around . 

Must Reads

A new report by The Financial Times explores that could incentivize countries to preserve biodiversity and natural resources. 

Axios reports on a through reduced absenteeism and lower rates of attrition. Check out the study , and then learn more about our own Corporate Care Network initiative. 

The EPA releases new, strict emissions standards for heavy-duty trucks in a bid to curb carbon emissions.  

The Wall Street Journal takes a look at how , seeing it as a safer, more fulfilling path in a world where the value of a degree is plummeting and AI seems poised to make sweeping job changes across many industries. 

Google will delete billions of Chrome browser records in the wake of a lawsuit saying the company was being deceiving by still tracking user activity while in Incognito mode. . 

A new study by Deloitte and Tufts University finds that the large majority of professional investors globally have . These firms cite factors including regulatory requirements, improved performance and talent attraction. ESG Today has the story. 

A Wall Street Journal article takes a close look at just how far $100 goes at your local grocery store today after five years of persistent food inflation, a top concern for consumers. Take a look . 

Chart of the Week 

This week’s chart comes from our newly released ŷ Jobs Scorecard. While America’s largest companies have more work to do to improve transparency around some key job quality data points, overall performance on the 2024 ŷ Jobs Scorecard speaks to noticeable improvement since the 2023 pilot version of this tool. More than one fourth of companies (256 companies, or 27.3% of all scored companies) have moved from the Beginner category (taking early steps towards transparency, overall scores between 0 and 0.99) into the Explorer category. Explore deeper insights here

Have questions about our research and rankings?