People (Human Capital)

Social Justice or People part of the TBL emphasizes Human Capital. Social Entrepreneurs extend this beyond their beneficiaries to employees and a wider group of stakeholders. Employee welfare and equal treatment is one of the important points that each social enterprise should carefully plan for. Employees are treated as an asset and not as an expense, so the management does everything possible to increase their satisfaction and ensure happiness. In the end, happy employees mean happy customers!

Social entrepreneurs also try to give back to their immediate community. This may not even include their target beneficiaries, but for local operations these companies try to organize community activities and events as well as improve the wellbeing of people around as long as it is within their control. Just look how many socially responsible businesses set up COVID relief plans to help their local communities! 

People part also extends to suppliers and other shareholders. For example, ensuring that all people in the value chain have fair remuneration and refusing to collaborate with businesses which use unethical practices is given in social entrepreneurship.

Take a moment to think, how your social enterprise will ensure employees welfare? How will it be contributing to local community? How will you ensure that all people in your supply chain receive fair wage and have decent working conditions? Share your thoughts with your teammates. Your leader will then be responsible for summing them up and writing the main conclusions. 

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