The flurry of significant events in 2020 have built a sense of urgency to act for the greater good of humankind. As a result, we’ve seen innumerable organizations rise to the occasion — acting with a greater and broader purpose, serving many stakeholders, not just shareholders.
We wanted to understand better what is happening now, what we can learn from purpose-driven organizations’ approaches in the past, and what HR’s role is in making organizations purpose-driven. To that end, this report answers 4 questions:
- What is purpose, and how does it differ from other related terms (e.g., mission, vision)?
- What is HR’s role in creating a purpose-driven organization? What can it control and influence?
- What does the employee experience look like at a purpose-driven organization?
- What are some of the purpose-driven practices we’ve seen in response to significant current events?
This research is the culmination of more than 6 months of research, with updates and insights specifically targeted at organizations managing through COVID-19 and the social justice movements of 2020.