...and 3 reasons not toMay 26, 2015 9:00
Company ethics a priority for Mena employees
98% of respondents: ‘company ethics and integrity important’, reveals Bayt.com study
June 25, 2014 7:49 by kippreport
Almost all 6,817 respondents of a recent bayt.com survey cite working for a company with high ethical standards is a priority.
The report, which was released earlier this week by the employment portal, polled individuals from many countries in the Mena region, such as the UAE, Saudi Arabia, Kuwait, Qatar, Lebanon, Jordan and Algeria.
While some may have found themselves in the middle of an ethical conundrum at work, only ‘55 per cent of MENA employees have been asked to do things that clash with their personal values’.
Of this group, 18.4 per cent cite this as a frequent occurrence, with it being less frequent for 36.2 per cent.
However, luckily for them, 66 per cent of surveyed employees state that their companies have certain protocols in place to deal with unethical behaviour, and 72.1 per cent have witnessed punishment being enforced.
Six in 10 claim that their employers have an established code of ethics that is readily available in writing, and that for 68 per cent of respondents, ethics training in mandatory.
Mouien Al-Madhoun, the senior vice president of human resources at Majid Al Futtaim Properties, tells Kippreport: “Company ethics is one of the business fundamentals. It sets the tone of the organisation both internally and externally and it forces the organisation to follow certain standards.
The Bayt report adds that top managers are perceived to be a good example of ethical conduct, with 68 per cent citing this, although less than 50 per cent feel their direct managers have high levels of ethics and integrity.
Ethics have the potential to generate future business as well, explains Madhoun.
He says: “In a world where corruption and imitation roam free, company ethics can also act as a point of differentiation.”