LONDON, United Kingdom — “Not enough is being done for workers to adjust to the rapid pace of change in the economy,” read a statement released in August 2019 by The Business Roundtable.
In a significant break from previous years, the respected American institution made up of 180 chief executives of some of the United States’ most powerful commercial entities — including Target, Hearst, Walmart and Johnson & Johnson — recommended businesses pivot their commercial activities towards sustainable long-term growth rather than short-term profit.
To achieve this, it proposed that business leaders view shareholders, customers and employees as equally important stakeholders in their organisations — effectively ending shareholder primacy, the dominant operating principle for public companies of the past 50 years.
The organisation went on to make a commitment to investing in employees. “This starts with compensating them fairly and providing important benefits. It also includes supporting them through training and education that help develop new skills for a rapidly changing world. We foster diversity and inclusion, dignity and respect.”
But how are global fashion employers, large and small, creative and commercial, responding to the emerging needs of the modern business landscape?
Many of the issues the Business Roundtable statement addresses are already being felt by the BoF Community — and we want to learn more. As an independent media publication in the fashion industry, BoF prides itself on raising awareness around the most pressing issues facing the fashion industry — using objective reporting and analysis to find solutions.
From incorporating sustainable business practices, to hiring and promoting diverse individuals and treating employees with the respect and dignity they deserve, this is your chance to have your say on the reality of working in fashion — and help us drive positive change in the industry.
By taking the BoF Fashion Employee Survey, you will enable us to measure how well the fashion industry cares for and listens to the individuals that work within it.
Help us reveal the true state of fashion employment today, and as a thank you for your time, you’ll be entered into a draw to win an iPhone 11. It should take less than 10 minutes to complete.