Premise #1: In-depth ethics training and compliance is an unnecessary expense; it drains available cash and yields a below average return on investment.
Premise #2: New employees can ramp up more quickly by learning on the job from older employees and supervisors.
Premise #3: Training takes employees away from work time that may result in projects not being completed or in a timely way hurting the business.
The above premises are commonly felt and expressed by executive leaders in the operations of their businesses.
All too often we see overly ambitious individuals who are interested in getting ahead, making money, and typically willing to shave corners. It is my premise that when precedence for individual gain is more important than ethical behavior, a host of problems will materialize for any business.
With growing regulations, oversight, new compliance guidelines, and expectations to improve cultures via strong ethics programs, the legal bar by the federal government has significantly risen. Circumventing these new rules can lead to fines, costly legal battles, and criminal charges.
In addition, there is clear evidence that minimal ethics and compliance training leads to poor employee performance. Willful blindness to protocol, procedures, and policies can result in careless mistakes that harm businesses.
The lack of meaningful ethical and compliance training sends the wrong message to employees reducing their trust in leaders. With engagement levels so low, workers do not feel valued or appreciated.
The solution is to build a values based culture where ethics rule; implementing a robust and strong compliance program. Organizations need to start recognizing that employees are the greatest assets they have and provide every available tool to make them successful and accountable.
Failure to do this turns workers into potential liabilities that can cripple any company.
My friends please remember this: respect, consideration, and courtesy matter a lot. Treat others fairly, decently, and equally.
Consult your moral compasses every chance you get and monitor your progress.
You know the battle cry: do your best each day. No one can ask more or less from any of us.
All the best/blessings, Mark
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