Caveat Emptor, let the buyer beware! Business ethics has been a societal concern going back a long ways and they continue to be of concern today.
On March 15th, Forbes featured an article entitled "The World's Most Ethical Companies." The Ethisphere Institute, a New York City think tank, announced its sixth annual list of the World's Most Ethical Companies. In 2011, 3,000 companies were nominated, or nominated themselves, and 110 made this list. For 2012, out of the 5,000 companies that threw their hats into the ring, 145 companies made the list. To check out the "winners" the link is listed here:
http://www.forbes.com/sites/jacquelynsmith/2012/03/15/the-worlds-most-ethical-companies/
It's rather interesting that the number of "ethical" companies continue to grow when you read publications such as the 2011 National Business Ethics Survey by ERC. HR Morning recently featured an article regarding the Ethics Resource Center biannual survey. Luckily ERC had sent me an email advising that the survey results were available for download. I’m sure you can guess my next step.
The “ethic” weather of the U.S. work environment, based on the survey, seems a bit stormy:
• Retaliation against employee whistle blowers rose sharply. More than one in five employees (22 percent) who reported misconduct say they experienced some form of retaliation in return. That compares to 12 percent who experienced retaliation in 2007 and 15 percent in 2009.
• The percentage of employees who perceived pressure to compromise standards in order to do their jobs climbed five points to 13 percent, just shy of the all-time high of 14 percent in 2000.
• The share of companies with weak ethics cultures also climbed to near record levels at 42 percent, up from 35 percent two years prior.
On March 15th, Forbes featured an article entitled "The World's Most Ethical Companies." The Ethisphere Institute, a New York City think tank, announced its sixth annual list of the World's Most Ethical Companies. In 2011, 3,000 companies were nominated, or nominated themselves, and 110 made this list. For 2012, out of the 5,000 companies that threw their hats into the ring, 145 companies made the list. To check out the "winners" the link is listed here:
http://www.forbes.com/sites/jacquelynsmith/2012/03/15/the-worlds-most-ethical-companies/
It's rather interesting that the number of "ethical" companies continue to grow when you read publications such as the 2011 National Business Ethics Survey by ERC. HR Morning recently featured an article regarding the Ethics Resource Center biannual survey. Luckily ERC had sent me an email advising that the survey results were available for download. I’m sure you can guess my next step.
The “ethic” weather of the U.S. work environment, based on the survey, seems a bit stormy:
• Retaliation against employee whistle blowers rose sharply. More than one in five employees (22 percent) who reported misconduct say they experienced some form of retaliation in return. That compares to 12 percent who experienced retaliation in 2007 and 15 percent in 2009.
• The percentage of employees who perceived pressure to compromise standards in order to do their jobs climbed five points to 13 percent, just shy of the all-time high of 14 percent in 2000.
• The share of companies with weak ethics cultures also climbed to near record levels at 42 percent, up from 35 percent two years prior.
In closing this part of my Caveat Emptor blog, I want to leave you with:
The Top Five
Most Frequently ObservedTypes of Misconduct in 2011
I'll continue discussing the ERC survey in my next blog.
Keep communicating people!
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