Zero hours work: facing the ethical challenge

Cleaning trolly

How ethical investors can show leadership by promoting a corporate social conscience.

The COVID-19 pandemic has exposed the vulnerability of millions of UK workers employed on zero-hours contracts or within the gig economy. For them, self-isolation means a sudden loss of income, often without access to redundancy payments, sick-pay, or universal credit.

COVID-19 has highlighted the economic reality of working conditions for employees in insecure, precarious, low-paying, and temporary jobs. According to the Office of National Statistics, a record 974,000 people had zero-hour contracts as their main job at the end of 2019, 130,000 more than one year earlier.

The challenge to ethical investors is clear – how to encourage powerful corporations to offer fair conditions of employment for honest work?

S Waters and Q G Rayer (2020), Zero-hours work: facing the ethical challenge, CII: The Journal, https://thejournal.cii.co.uk/blog/zero-hours-work-facing-the-ethical-challenge/, 14 September 2020. Republished with kind permission of the Personal Finance Society.


 

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Dr Quintin Rayer

About Dr Quintin Rayer

Quintin is a Chartered Fellow of the Chartered Institute for Securities and Investments, a Chartered Wealth Manager and holds a Physics degree from Imperial College London and a Physics doctorate in atmospheric physics from Oxford University and is a Fellow of the Institute of Physics.