Are B Corporations better places to work?

B Corps are well known for their social and environmental credentials, but the qualification process also assesses their employment practices. Do they treat their people better than the average firm?

illustration about whether B corps are good places to work

Life as an employee of First Wealth has become a whole lot better since the financial services firm became a B Corporation in 2020. 

In pursuit of the certification, the London-based company upped its wellbeing game significantly. Two months’ equal parental leave on full pay atop a new-baby bonus, childcare subsidies, menopause support and a monthly wellness stipend are just a few of the benefits it added. It has since achieved an employee engagement score of 80%, compared with 67% before it qualified.

First Wealth’s people operations director, Kerry Burgess, joined the firm seven years ago as a practice manager. She recalls that the decision to pursue B Corp status represented “a complete starting point for us. We reviewed every area of our business, asking ourselves: ‘Are we doing enough for the environment, our clients and our employees?’ This process has had a big effect on the whole organisation.”