Hapinness vs Charity: Are charitable companies happier?

Are charitable corporations happier? One would think so. After all, many studies (this one by the Harvard Business School) prove that happier people give more and giving makes people happy. Many companies match employee gifts to charities and higher education programs and they also often lead corporate initiatives or giving drives to donate to local or national organizations. But what do the numbers say? For this little study I used information from CareerBliss’  50 Happiest Companies for 2012 list (scroll to bottom for their Methodology) as well as Philanthropy.com’s 2012 list of  How America’s Biggest Companies Give.

According to Charity Navigator, corporations accounted for just 6% of the $316 billion of total giving in 2012. This is not a very high percentage, considering individuals gave 72% of that total, but it was a 12.2% increase from 2011. Despite the low standards, there are a few standout corporations that give a large percent of their income to charities annually. Wells Fargo, Walmart, Chevron, Goldman Sachs and Exxon Mobile were the top 5 largest donors in 2o12, the year for which the most current information on corporate giving is available. This isn’t surprising however when you look at which companies had the highest revenue in 2012. According to a 2012 Forbes report, each of these companies, aside from Goldman Sachs, was in the top 10 list for highest revenues as well.

All this aside, when comparing the top 50 charitable companies in 2012 with the happiest companies, we do see an overlap of nine companies, as evidenced below. This comes out to a 18% (9/50). One caveat however, the CareerBliss list is comprised of public and private corporations while the Philanthropy.com list only looks at public companies. Therefore, the percentage may actually be higher if the CareerBliss list only included public companies.

9 companies that overlap

Using these nine overlapping companies, I looked to see if there was a strong correlation in percent of pre-tax income gifted vs. the companies happiness score. As you can see below, there isn’t one. This may be due to the fact that almost all of these companies (aside from Morgan Stanley) had approximately the same giving rate, 1.78%. Their happiness score did not increase in connection with their giving rate. In fact, as you can see in the second table, there isn’t really any correlation at all in their respective category rankings either. Side note: Despite giving a larger nominal amount, corporations (at least those used in this study) paled in comparison to individuals when it comes to a percent of income donated annually. According to Charity Navigator, the average American gives 4.7% of their income to charity. The average for the top 50 charitable corporations in 2012, 1.61%. As for Morgan Stanley’s 9.01% charitable rate? That’s just a fluke in their annual income before taxes yearly trend where they saw a huge (92%) drop in income before taxes due to poor performance connected to the European recession in 2012.

Infogr.am charity

Click image to visit Infogr.am chart

scale for charity

So what can we take away from this? There’s some correlation, but perhaps not enough to suggest that all happy companies are charitable or all charitable companies are happy.

5 Pieces of High-Tech Sports Equipment

We’ve all seen and read about fitness trackers such as the Nike+ Fuleband and the Up by Jawbone. These are phenomenal products, don’t get me wrong, but what types of smart sports equipment exists outside of these well-known wearable activity trackers? Interestingly, when researching for this piece, I had a hard time finding enough items to fill this list. I found a wide array of “concept” products but only a small range of actual consumer products on the market today. With more and more companies devoting research to “connected” products I’d expect this to change in the somewhat near future. For now though, you’ll just have to wait for your digital display swimming goggles or motion sensor football pads. Without further ado, here’s five innovative products for you active, data obsessed, individuals.

Zepp Baseball, Tennis and Golf Sensors – $150

zepp baseball

Zepp first debuted in late 2013 with smart sensor tracking for your baseball, tennis, and golf swings. The product itself is a little square tracker that you attach to your golf glove or the end of your baseball bat or tennis racket. After using your equipment you can then analyze different metrics via their app on your smartphone or tablet. For tennis you can see everything from how much spin you put on the ball to what % of your hits are backhand. They’ve recently just released 3D swing analysis for your racket that allows you to see the path your racket took and where you made contact with the ball. The same feature can be found in the baseball and golf sensors as well. Most of the metrics overlap as the motions for all three sports are somewhat similar. One of the unique metrics I found however, was for golf. When you are using the sensor if you place your phone in your pants pocket it will also track your hip rotation. This is an item I’ve actually had on my holiday list for quite some time now and what I think may be the best high-tech sports device on the market.

94Fifty Smart Basketball Sensor –   $250

94F-Ball-7_large

 

 

The Smart Sensor Basketball does what the Zepp products do, although the sensor isn’t attached to any part of the equipment, it’s inside of it. The Smart Sensor can track your shot speed, arc, and spin. It can also tell you how fast you are dribbling and with how much force. Perhaps the best part of this product is the adaptive workouts the app provides which takes your skills sets and creates custom workouts to improve upon the areas in which you lack. Say you need to improve your dribbling, with it’s audio enabled coaching it will coach you through a drill and then show you your results and then can compare that to the last three times you ran that drill. The only downside I can see from the product is a relatively short battery life, only 8 hours, but it does come with a wireless charger for the ball. Finally, you can choose from 50 drills or competitions and then challenge your friends to them through the app.

 

Adidas MiCoach Smart Ball – $299

Adidas Smart Ball

You may or may not have seen press about this Smart Ball recently due to a large World Cup marketing campaign by Adidas. I first saw the Smart Ball in a Men’s Health article about the World Cup which is actually what led me to write this post. The Adidas Smart Ball has a sensor secured inside the ball that ” detects speed, spin, strike and flight path data and instantly relays kick data to the miCoach app”. Not only can you view all this data on the app but you can also learn from it. The app will actually help instruct you on how to improve your ball handling  skills and also features “tips and training for power, bend and knuckle balls.” The ball does have to be charged after a week’s use but only requires an hour of charging time. Start tracking and training and maybe you’ll be the next Messi or Ronaldo playing in the World Cup!

 

Oakley Airwave 1.5 Smart Goggles -$650 (currently out of stock)

Oakley Goggles

Now this is what I picture whenever I think of high-tech sports equipment. The Oakley Airwave Goggles are basically the Google Glasses of the slopes. Their heads-up display allows the rider to see a perceived screen about five feet away from their physical body to read metrics such as speed, temperature, and navigation. The display can also show jump analytics such as height, distance covered in the air, and hang time. Furthermore, if your buddy has a pair of these goggles or is using the Airwave app on their phone you can track each other on the slopes. Lastly, the goggles can also connect to your smartphone and allow you to see incoming calls or text messages and will allow you to control your music. These goggles also offer every other high end feature you’d expect from Oakley such as anti-fog lenses and  full UV protection.

Riddell Revolution IQ Hits Helmet – $1,031

Football helmet
Over the past few years we’ve seen a huge surge in research and awareness about concussions related to football players. While most NFL teams and college teams have worked hard to implement smarter, stronger and safer equipment helmets for their players many younger players are still left at risk for traumatic head incidents. While this product is still, for the most part, highly unattainable for most youth players, at least it’s a start. The Riddell Revolution IQ Hits helmet builds off of the Riddell IQ helmets, which is known for it’s Z-pad technology which draws energy and force away from the skull, and adds some serious technology to enhance the product. HITS, or Head Impact Telemetry System, is designed to “monitor and record every significant incidence of head impact sustained during games and practice. On-board electronics measure and record the location, magnitude, duration and direction of head impacts and impact accumulations, allowing players to upload and evaluate each occurrence…” The helmet can also transmit information to local sideline computers during a game or practice so the medical staff could monitor a players health. As I mentioned earlier, the thousand dollar price tag is sure to make it an unrealistic idea that all participants would use this helmet. But hopefully, we will one day see a decrease in the cost of the technology and the eventual adaptation by full high school teams and junior leagues.

With any luck we’ll see more products coming to the market in the next few years but until then we have these awesome products to keep us occupied. If you think I’ve skipped any groundbreaking product please feel free to leave me a comment! I’d love to see what else is out there.