Ethics Culture Divide, Part 2 - Enhancing Corporate Culture: The Vital Role of Ethics in Talent Retention and Acquisition Titelbild

Ethics Culture Divide, Part 2 - Enhancing Corporate Culture: The Vital Role of Ethics in Talent Retention and Acquisition

Ethics Culture Divide, Part 2 - Enhancing Corporate Culture: The Vital Role of Ethics in Talent Retention and Acquisition

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 In this second episode in a 3-part series of podcasts, Tom Fox and Sam Silverstein discuss the critical divide in companies around Ethics and Culture. This series is based on data from a national survey of over a thousand people, highlighting the divide between high and low-performing companies in terms of ethics. In this episode, we discuss the critical importance of ethics in both talent acquisition and retention, emphasizing how these elements will serve as key differentiators for companies in the future. We explore why over a third of respondents believe ethics doesn't help career advancement and how organizations can alter this perception by redesigning advancement criteria to include cultural and ethical values. The conversation highlights how ethical behavior begins in the hiring process and is reinforced through continuous feedback, not just annual reviews. We delve into real-world examples of ethical vs. unethical decisions impacting trust between employees, customers, and vendors, stressing the long-term catastrophic risks of ignoring ethical practices. The episode underscores that fostering an ethical culture is a top-down choice that needs to be modeled consistently at all levels to build trust and ensure long-term success. Building and Sustaining an Ethical Culture in Organizations In this insightful session, the focus shifts to the importance of fostering an ethical culture within organizations. The discussion starts with findings from a survey revealing that even in good cultures, 39% of respondents feel that ethics often take a backseat. The conversation elaborates on what a truly ethical culture entails, emphasizing the importance of prioritizing people over numbers. Leaders are encouraged to set clear examples, admit mistakes, and be transparent. Practical steps to align culture and ethics include establishing and living core values throughout the organization. The guests also highlight the significance of a 'Speak Up' culture, where employees feel safe to voice their concerns and share ideas. The session concludes with an introduction to the culture audit, a tool for measuring and enhancing organizational culture and ethics. 00:00 Building an Ethical Culture02:27 The Importance of Values in Leadership04:41 Living Your Values: Real-World Examples07:25 Aligning Personal and Organizational Values12:28 Fostering a Speak-Up Culture16:32 The Role of Culture Audits Key highlights: The Importance of Ethics in Talent Acquisition and Retention Redesigning Advancement Criteria to Include Ethics Impact of Ethics on Customer Trust Ethical Shortcuts and Their Consequences The Role of Ethics in Vendor Relationships Resources: Sam Silverstein Sam Silverstein on LinkedIn Sam Silverstein The Culture Audit™
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