Social responsibility refers to the ethical and moral obligations that organizations have towards their employees and the communities in which they operate. It involves making decisions and taking actions that prioritize the well-being of employees, society, and the environment, alongside achieving business objectives.
A practical example of social responsibility in human resources is a company implementing a fair and equitable pay structure that ensures all employees receive a living wage, regardless of their position or background. This not only benefits employees by improving their quality of life but also contributes to reducing income inequality in the community. Additionally, the company could initiate environmentally friendly workplace practices, such as reducing waste and promoting energy efficiency, to minimize its ecological footprint and fulfill its social responsibility towards the environment.