Remember: Over the past two weeks, we started discussing the concept of ethics and we also began exploring the pay-offs of ethical business behaviour. Today we shall conclude on this series, with the final three ways by which operating ethically can yield great gains for your organization.
Why bother with ethics?
3. Employees are more loyal to an ethical company.
If you’re working for a company that lies, cheats, and steals, you’re apt to think that the company will do the same to you, and you’ll probably be less loyal to them as a result.
4. Ethical companies are more productive.
At one time or another, most of us have taken a sick day when we’re really not sick. This is, in essence, lying to and stealing from the company. Studies have shown that employees in ethical offices take less time off and are more productive when they’re in the office.
5. An ethical office means less legal costs.
If your staff are in the habit of lying to, cheating, and ripping off their customers, someone is going to get caught eventually and it could likely mean a big legal headache for the company. For a company, nipping unethical behaviour in the bud can reduce your chances of a lawsuit, boost your company profile and save you some money.
As we conclude this series, one major question you must always ask is – “Can our company really influence customers with the way it conducts its business?” Ponder on this… … … Today!