Digitization, demographic change, flexibility – these catchwords describe the trends that shape the transformation of society and the world of work. There is a need for reform in many places in the social system.
Social Impact analyses are used in different contexts: they provide arguments for social policy, as well as for global companies. It is always about the social impact of organizations or companies.
Impact of reforms
The Social Impact Analysis uses statistical methods (including microsimulation models) to evaluate the effects of economic and social reforms. The results are calculated using a cost-benefit analysis.
Building on this, WifOR develops its own reform proposals for the economic and social agenda. Progressive developments that will critically change the labor market, such as digitization can be subjected to a short, medium and long-term impact analysis. In addition, WifOR also offers wealth research analyses of non-market activities such as unpaid labour or volunteering and makes them measurable.
Social footprint along the global supply chain
Similar to the environmental footprint, the negative societal impact is often far removed from a company’s headquarters somewhere in the supply chain. In order to get a fast, efficient and reliable analysis of the social footprint along a company’s global supply chain, an established database can be used to assess several social indicators such as employment based on skill level or gender, vulnerable employment, fatal accidents at work, risk of child labor, forced labor, risk of corruption.
The Social Footprint provides an efficient, reliable and comprehensive social risk assessment along the entire global supply chain of your business. The analysis thus provides fact-based information that raises awareness of regulatory and reputation risks: our unique model is based on official and scientifically recognized databases covering nearly all economies in the world. It enables the quantification of direct social effects as well as indirect and induced effects (spillover effects) that occur throughout the globalized economy and can be broken down at country or even supplier level. We also offer industry and business specific solutions.
Holistic picture of the social impact
These are the benefits at a glance: benchmarks based on official statistics. The result is a holistic picture of the social impact of a company and its supply chain.