Final answer:
Measuring an organization's socially responsible activities as a means to assess its performance in those areas is known as a corporate social responsibility (CSR) audit. This includes evaluating the company's ethical, environmental, and community practices, which are typically not covered by traditional social well-being metrics.
Step-by-step explanation:
Measuring the present socially responsible activities of an organization to assess performance in those areas is known as a/an corporate social responsibility (CSR) audit. A CSR audit evaluates how well a company is performing in various areas of social responsibility, including ethical labor practices, environmental sustainability, and community engagement. Traditional metrics of social well-being often focus solely on economic factors and neglect the psychosocial aspects that are crucial for a comprehensive evaluation. Therefore, a CSR audit is important to consider these subjective criteria when assessing an organization's impact on society.
Just like job satisfaction is used as an indicator of employee well-being and organizational performance, the audit of social responsibility efforts reflects the broader impact of a business beyond mere financial metrics. Companies use these audits to align their strategies with societal expectations, improve their public image, and increase employee morale and retention.