Tag Archive | "businesses"

Corruption in the Workforce

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Here’s some fabulous trivia, no sarcasm in that statement of course. According to a poll of 5,000 U.S. workers, 74% discovered “misconduct” within their place of business with colleagues who will do “whatever it takes” to achieve business goals.

More than half of workers in banking and finance industries reported trouble in big business paradise. According to The National Law Journal, 60% claim to have seen actions that “could cause a significant loss of public trust if discovered.”

“Restoring trust and confidence in the integrity of our capital markets and institutions will require business leaders to build corporate cultures that reward ‘doing the right thing,’ instead of ‘doing whatever it takes,’ ” said Richard H. Girgenti, national leader for KPMG’s Forensic practice.

“Too often, organizations create compliance programs that look good on paper, but don’t align with how business really gets done,” added Girgenti, also claiming that the tough economy and fears of job losses can undermine ethics programs just when restoring public trust is vital.

“The KPMG data suggest that managers and employees facing heightened pressure to meet revenue and cost targets may resort to improper means of doing so, especially if they think their jobs are in jeopardy if they miss those goals,” he said. “With so much on the line, now is not the time for companies to cut back on the very investments that are designed to safeguard their reputation for integrity.”

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