Impact Sourcing
Impact Sourcing is a socially responsible hiring strategy used by businesses to bring disadvantaged or marginalized communities into the global economy. Impact sourcing creates opportunities for these individuals to earn an income and receive job training. By leveraging this approach, businesses are able to access skilled labor while improving the social and economic well-being of those they hire.
The objective of impact sourcing is about creating meaningful job opportunities for individuals who would not usually have access to them due to socioeconomic reasons. It can be considered a form of corporate social responsibility as businesses are drawn to its attractive combination of cost savings, inclusivity, and shared values.
Through impact sourcing, businesses can not only bring about greater inclusivity, but also uphold their shared values and corporate social responsibility.