What is Impact Sourcing?

What is Impact Sourcing? Transforming Lives Through Inclusive Employment

Have you ever wondered how businesses can drive positive social change while still being profitable? That’s where Impact Sourcing comes in. Simply put, Impact Sourcing is a business practice where companies intentionally hire and train individuals from disadvantaged communities. The goal is to provide sustainable employment opportunities that can uplift lives, especially in areas where good jobs are scarce.

The Concept Behind Impact Sourcing

Impact Sourcing is more than just a trend; it’s a conscious effort by companies to be more inclusive and socially responsible. It often involves partnering with local organizations or educational institutions to provide the necessary training and skills development for these employees. By doing so, businesses not only gain a loyal and motivated workforce but also contribute to the economic development of underprivileged regions.

Why Does Impact Sourcing Matter?

The benefits of Impact Sourcing are twofold. For employees, it offers a lifeline out of poverty, enabling them to earn a decent wage, support their families, and gain valuable skills that can open doors to future opportunities. For companies, it helps tap into a diverse talent pool that might otherwise be overlooked. This approach can also enhance a company’s brand reputation, showing customers and stakeholders that they are committed to making a positive impact on society.

Real-Life Examples of Impact Sourcing

1. Samasource: A leading social enterprise, Samasource connects low-income people in Kenya, Uganda, and India with digital work, such as data entry and content moderation. They provide the necessary training and support, allowing these individuals to earn a living wage and gain skills in the digital economy.

2. Televerde: This company partners with correctional facilities in the United States to provide training and employment to incarcerated women. These women are taught sales and marketing skills, helping them to reintegrate into society with meaningful employment after their release.

How Impact Sourcing Fits into Our Self-Sustainable City Project

In our self-sustainable city project, Impact Sourcing plays a crucial role. By incorporating this practice, we ensure that our development is not only environmentally sustainable but also socially inclusive. We plan to collaborate with local communities and provide them with the training and jobs needed to support the construction and maintenance of the city. This approach helps to create a thriving, self-sufficient community where everyone has the opportunity to contribute and benefit.

Join the Conversation

We’d love to hear your thoughts on Impact Sourcing. Have you encountered any businesses that practice it? Or perhaps you have questions about how it could be implemented in our project? Share your thoughts and questions in the comments below!