Economic Change CIC – Our Social Mission

As a social enterprise we are passionate about helping organisations make a positive change in society through all of the work we do.

Between 2005 and 2012 Economic Change solely invested its profits into Striding Out CIC, a social enterprise supporting young people to achieve their ambitions.

In October 2012 Economic Change became a separate legal entity and as a Community Interest Company (CIC) we now have our own social mission.

The impact of our direct intervention 

It can take up to a full year or more for clients to realise the full benefits of the solutions we implement. Many of our client’s state that the intervention helps them to compete effectively for contracts, secure social investment and give them the internal infrastructure to scale up their organisation. When we implement a solution or deliver training we ask our clients what impact the support will have on their organisation, and the latest figures show: –

  • 75% stated it would improve the efficiency of their organisation, particularly in the areas of simplified management processes, improved customer care and management and improved access to management information.
  • 82% stated their organisation would become more sustainable, particularly in the areas of monitoring and reporting on KPI’s more readily, reduced admin costs and achieving quality standards.
  • 86% stated they would be able to maximise their impact, particularly in regards to improved methods for measuring impact and evaluating the customer experience, to provide greater market intelligence.

In-kind Support for Small Charities

We appreciate that investment in a CRM for small charities can be a big investment, so we have offered small charities with a turnover of under £500k and less than 10 staff the opportunity to apply for subsidised support, where they get 6 days of free support delivered by our trainees on either our apprenticeship scheme or back to work scheme. To read more click here.

pledge1-summary3-400x4001This initiative is part of our commitment to Pledge 1% –  a corporate philanthropy movement dedicated to making the community a key stakeholder in every business. Pledge 1% encourages and challenges individuals and companies to pledge 1% ofequityproduct, and employee time for their communities.

Apprenticeship Scheme

We recruit young people as apprentices and train them up to be Salesforce Administrators. We provide time for online and face to face learning, practical work experience, shadowing and mentoring opportunities and help them complete their Salesforce 201 certification. Once they have demonstrated proficiency in application of skills and completed their trailhead and certification badges, they can work on increasingly complex projects and increase their salary to align with industry standards for a qualified and experienced Salesforce Administrator.

Back to Work Scheme

In 2016 we launched a Back to Work Training Scheme, to support disadvantaged groups into work. Our senior management team have all worked in charities or social enterprises that support disadvantaged people back into work alongside vocational opportunities, so this model suited us perfectly for our social enterprise.

We have started this initiative by supporting mums into flexible part-time careers, with our Salesforce Superhero’s Programme. The programme aims to equip mum’s to become Salesforce Administrators. Why mum’s? Well it’s a cause we are closely aligned to within our team, with a mum-entrepreneur at the helm, supported by a team of 5 mums and other enthusiastic shipmates.

The disadvantage for women returning to work exists at a number of levels:

  1. The gender pay gap still stands at about 19%, with the average British woman earning around 80p for every £1 earned by a man (Closing the Gender Pay Gap, July 2015). This report also identifies that for those women who do start out on similar pay levels there is still a big chance that having children will mean they end up falling behind financially and that opportunities are still too rare for those who want to work part-time because of caring responsibilities.
  2. The London factor: a childminder costs 40% more in London than the rest of the UK, and a nursery place is 32% more expensive (source: Family & Childcare Trust 2015). Equally, employment rates for women are lowest in London (Women in Labour Market 2013 ONS).
  3. Women are under-represented in IT and make up under 30% of the workforce and 20% of IT graduates. Only 10% of app developers are women (source: Tech Women in UK report 2015, FE Week).
  4. Women can lack confidence, experience and skills to enter employment and need additional support to reach their potential.

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Volunteer Work 

Our team are given a number of volunteer days a year to support local charities in an area of work distinct to what we deliver. Our team are active board members of other charities as well as volunteer mentors, trainers and advisers in both London and East Sussex. Check out our team members here 

Reinvesting Profit

Since 2012, we have reinvested in the growth of the organisation to support our socially driven clients to increase their efficiency, sustainability and maximise impact. Making a profit isn’t an ultimate goal as we are non-profit CIC and we want to charge affordable rates to our charitable clients, but if we do generate surplus profit we look to re-invest it in an ethical way.

We are a relatively early stage company but as we grow we intend to set up our own Foundation. The Foundation will hold our surplus profit and we will use this to support innovative charities or social enterprises that are tackling a specific cause. A cause will be chosen each year based on the global need and desires of our team. Isabel Kelly, our Board member, and previous International Director of the Salesforce Foundation and now Foundation Director of SAGE, is actively leading on this initiative.

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