Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD

Ethics & Employee Loyalty - New Study


28 May 2009 at 2:13 pm
Staff Reporter
A survey by Beaton Consulting and Not for Profit organisation, the St James Ethics Centre has found a link between an employer's approach to ethics, and productivity and loyalty of its employees.

Staff Reporter | 28 May 2009 at 2:13 pm


0 Comments


 Print
Ethics & Employee Loyalty - New Study
28 May 2009 at 2:13 pm

A survey by Beaton Consulting and Not for Profit organisation, the St James Ethics Centre has found a link between an employer’s approach to ethics, and productivity and loyalty of its employees.

The online study, which surveyed over 15,000 individuals in professional roles, found that employees give significant thought to ethical issues in their everyday working life and deal with ethical dilemmas regularly.

And more importantly their attitudes have a significant impact on their intentions with respect to both discretionary effort and loyalty to the organisation.

Key statistics:
• Less than 1% of individuals believe that business has no ethical obligations, or that legal compliance is the only ethical obligation of businesses
• 84% of individuals believe being responsible environmentally is included in the definition of business ethics
• A staggering 93% of individuals believe that organisations have an obligation to act ethically even if it occasionally harms their profits
• And 91% agree that all organisations should make a formal commitment to acting ethically.
• 80% of individuals agree that they are willing to put in extra effort at work if they know that their organisation is run ethically
• 77% agree that if their employer acted in a way that contradicted their core principles, they would definitely leave the organisation
• One in four individuals believe their employer is not doing enough to promote ethical behaviour
• One in four individuals experience people behaving unethically towards one another in their organisation
• One in four individuals believe that their organisation’s employees would not adhere to the code of ethics if they thought that profits or funding would be harmed.

Rosemary Sainty, the Head of the Responsible Business Project at St James Ethics Centre, says the obligations of businesses and other organisations are no longer seen in isolation from the communities in which they operate, the employees they depend upon, the environment from which they draw their resources and the marketplace in which they participate.

Dr George Beaton, Executive Chairman of Beaton Consulting explained the background to the survey saying that each year Beaton Consulting donates research to a Not for Profit organisation as part of its Annual Business and Professions Study and chose St James Ethics Centre to work with.

According to the Centre’s Dr Simon Longstaff, the report has come at a pivotal time in history.

He says this report shows people really do care about the ethics of their employers – and of the institutions within which they work.

He says organisations need to become far more serious about embedding and integrating ethics into the operating fabric of day-to-day decision making. Performance in this area should be measured and reported.

The release of the report coincides with the officially launch of a new St James Ethics Centre website called the HUB of Responsible Business Practice at thehub.ethics.org.au.

The development of the website was made possible via funding from the Federal Government, through Treasury, and has been designed as a consolidated space for engagement, interaction and connectivity to help build communities of responsible business practice in Australia.

It houses a range of initiatives including the Global Reporting Initiative (GRI), the United Nations Global Compact, the Corporate Responsibility Index (CRI)and will shortly house a range of tools and resources (Register of Responsible Business Practice, product road-map tools and place-based initiative case studies) being developed as a part of the National SME Project.

For more information go to: www.ethics.org.au



PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers? Get in touch at news@probonoaustralia.com.au or download our contributor guidelines.

Advertisement

Virtual Congress - CPA Australia

Tags : Ethics,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Foundation Moves to Multi-Year Charity Support

Lina Caneva

Tuesday, 14th February 2017 at 3:55 pm

Professionalisation of Charities? Perhaps Not So Scary After All

Lisa Grinham

Tuesday, 6th September 2016 at 10:42 am

Social Enterprise Award Recognises Impact on Women

Ellie Cooper

Wednesday, 27th July 2016 at 9:10 am

Victoria Issues Green Bonds to Fund Enviro Projects

Lina Caneva

Thursday, 21st July 2016 at 2:31 pm

pba inverse logo
Subscribe Twitter Facebook
×