Holiday Activities and Work Coincide

One in five workers (20%) say they plan to celebrate Thanksgiving with coworkers either in or out of the office this year, on par with last year (19%), according to a CareerBuilder poll of 3,600 workers.

The health care industry has the highest percentage of workers that will be spending Thanksgiving with coworkers, at 28%. This is followed by the sales industry (22%), manufacturing (21%), retail (20%) and transportation (20%).

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Only 14% of workers say they plan to take off Thanksgiving week for vacation; and 22% of workers said they have to work on Thanksgiving (up from 16% last year). Leisure and hospitality workers are most likely to be working on Thanksgiving (46%), followed by retail (39%) and health care (34%). More than one-quarter (27%) of transportation workers indicated they have to work on Thanksgiving, as did 11% of sales employees.

When asked if they’d rather spend Thanksgiving Day with coworkers or family, 91% chose their family, 1% chose coworkers, and 8% would rather spend it with neither.

Another CareerBuilder survey of 3,321 full-time workers and 2,326 hiring managers and human resource professionals found half of workers say they will be spending at least some work time holiday shopping, up 3% from last year. Of this group, 42% will spend an hour or more doing so.

Forty-two percent of employees will use their personal smart phones or tablets to shop, a strong increase from last year (27%).

Twelve percent of employers say they have fired someone for holiday shopping on the Internet while at work (compared to 8% last year), and 56% say their organization blocks employees from accessing certain websites from work — up 3% from last year.

More Institutional Investors Using ESG Investment Factors

However, among all fund types, there was no increase in ESG use in corporate retirement plans from 2013 to 2015.

The number of U.S. institutional investors that incorporate environmental, social and governance (ESG) factors into investment decision making increased from 22% in 2013 to 29% in 2015, according to results of a Callan survey.

The investment consultant’s 2015 ESG Interest and Implementation survey found that, by fund type, foundations (39%) and endowments (37%) have the highest rates of ESG adoption. Public fund usage of ESG factors has nearly doubled in the past two years, from 15% in 2013 to 27% in 2015.

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However, ESG adoption by corporate funds was flat from 2013 to 2015 at 15%. But, the survey revealed substantial differences when plan type is considered. The percentage of corporate defined contribution plans that are incorporating ESG (24%) is significantly larger than the percentage of corporate defined benefit plans (7%) that are doing so.

Incorporation of ESG factors increases with fund size: 35% of funds larger than $20 billion use ESG in some aspect of investment decision making, while 26% of funds with less than $3 billion incorporate ESG factors.

Callan’s survey was conducted in September, one month before the Department of Labor issued an interpretive bulletin to clarify that consideration of ESG factors can be acceptable under the right circumstances. The firm acknowledged the guidance could affect future survey results.

NEXT: Products using ESG factors

Callan conducted a separate survey of its proprietary investment manager database, which tracks more than 7,000 investment products. Overall, 20% of investment managers in Callan’s database have responded to questions regarding ESG practices for their products.

The survey found 14% of all products in Callan’s database utilize ESG in investment decisions. Global equity has the highest percentage of products using ESG factors at 25%, followed closely by real estate (24%) and non-U.S. fixed income (23%). U.S. equity strategies are the lowest at 9%.

When asked why they incorporate ESG into the investment process, the most popular response across asset classes was risk mitigation (48%), followed by alpha generation (27%).

Callan’s 2015 ESG Interest and Implementation survey incorporates responses from more than 240 unique institutional funds representing approximately $2.4 trillion in assets. A report of findings is here.

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