PRINCIPLES BASED DECISION MAKING
THE VW SCANDAL IS A STARK REMINDER OF THE IMPACT THAT FLAWED BUSINESS DECISIONS CAN HAVE ON PEOPLE, ECONOMIES AND COMMUNITIES.
The VW scandal is a stark reminder of the impact that flawed business decisions can have on people, economies and communities. This new CIPD report, based on a survey of 3500 business leaders, has found that 30% of them would choose to continue rewarding high-performing individuals regardless of the values they demonstrate.
How do we encourage business leaders to not compromise on their values and to do the right thing?
A well structured employee volunteering programme can enhance corporate values. Volunteer’s experiences bring values alive. There are so many stories from volunteers that do this very thing. Their stories inspire others. They remind us about what is important in life. They bring life into perspective. Sharing volunteer’s stories within your organisation enables you to connect people with their values and develops a corporate culture where values do matter. Don’t miss this opportunity. We can help you …
Read the full report CIPD report here.
Other key findings from the report, which is being showcased at the CIPD’s annual conference next month, include:
- 29% of business leaders (compared with 34% of HR practitioners) report they have to compromise their principles to meet current business needs.
- Less than half of business leaders and HR practitioners in the survey (48%) believe that their core values cannot be compromised whatever the context.
- 22% of business leaders (and 21% of HR practitioners) say they have to compromise on their principles because they affect their ability to succeed in their organisation.
- When asked to choose, 37% of business leaders (and 43% of HR practitioners) say decisions by their company are justified as long they follow the laws of the country they operate in, compared to 63% (57% of HR practitioners) who believe their organisation should take account of the moral responsibility it has for employees.
