Workforce engagement research project

Tender description

The Financial Reporting Council (FRC) regulates auditors, accountants and actuaries and sets the UK's Corporate Governance and Stewardship Codes. We seek to promote transparency and integrity in business; our work is aimed at investors and others who rely on company accounts, audit and high-quality risk management. This Notice relates to our Workforce engagement research project. The FRC 2018 UK Corporate Governance Code (hereafter the "Code") includes measures to enhance the voice of the workforce in the boardroom. The objective is to ensure that board members are exposed to concerns, issues and ideas of the workforce and thus consider these matters as they relate to company culture and strategy. Information gleaned from the workforce is also relevant to the business plan, and boards should use the information to inform their decision making. The Code suggests a range of different approaches to facilitate workforce engagement (Provision 5) which companies may choose from, or combine. A company may also use an alternative approach of its own if it is able to articulate the reason for doing so and explain how this alternative is effective for the particular circumstances. The objective of this research project is to answer the following research questions with respect to FTSE 350 companies: 1. Why did companies choose their particular approach(es), and what did they base this choice on? 2. How have the chosen approach(es) been operationalised by different (types of) companies? 3. To what extent, after one year of employing the approach(es), have effective outcomes been achieved both for the company and its employees? ** This is a summary only, please see the PDF download below for full details **