There’s been a lot of talk recently about the role and responsibilities of businesses in today’s society. It’s a topic the president spoke about during his State of the Union address, and something Labor Secretary Perez is passionate about. It’s not a new concept. Just ask Henry Ford.
At the Department of Labor, we believe that the best companies view their employees as an asset to help the business thrive, not as a cost to be mitigated. We spend a lot of time talking to business leaders who invest in their workforce, as well as thought leaders who have shown in their research that in the long term, companies have a competitive advantage when they approach the well-being of their workforce as a key consideration in their business strategy.