{"id":2309,"date":"2021-01-19T00:24:17","date_gmt":"2021-01-19T00:24:17","guid":{"rendered":"https:\/\/reportitnow-global.com\/?p=2309"},"modified":"2021-01-19T00:24:17","modified_gmt":"2021-01-19T00:24:17","slug":"3-reasons-backed-by-research-ethical-business-has-never-been-more-important","status":"publish","type":"post","link":"https:\/\/reportitnow-global.com\/uk\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\/","title":{"rendered":"3 reasons (backed by research) ethical business has never been more important"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Still on the fence about committing to better ethics in your business? Lose the hesitation! The positive benefits of doing business ethically are well-documented.\u00a0<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Great expectations<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">Simply put, in 2021, people expect the businesses they work with to wear their ethical behaviour on their sleeves.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to <a href=\"https:\/\/clutch.co\/hr\/resources\/what-employees-value-most\">one reckoning<\/a>, 68% of employees consider their employers maintaining high ethical standards as \u201cvery important\u201d, while another 38% consider ethical standards to be a first- or second-level priority in the workplace.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the survey (conducted by company review site <a href=\"https:\/\/clutch.co\/\">Clutch<\/a>), nearly all employees (93%) agreed that high ethical standards &#8211; along with fair treatment and fair compensation, were \u201cvery\u201d or \u201csomewhat important\u201d to them when choosing where to work.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For employees, there\u2019s a premium on companies that can demonstrate an ethiocval approach to doing business.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A recent <a href=\"https:\/\/www.mahindra.com\/news-room\/press-release\/mahindra-good-business-study-uncovers-changing-perception-of-good-business-across-india\">survey<\/a> from India found that 35% of respondents would \u201calways\u201d reject an offer to work for a company they didn\u2019t consider to be \u2018good\u2019. It\u2019s a similar story for investors: 70% of respondents would \u201cnever\u201d invest in a business they did not consider a genuinely \u2018good business\u2019.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Standards matter to spenders<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s not just investors turned off by a casual approach to ethics. Shoppers are too.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a recent study conducted by Nielsen, more than half of online shoppers would pay more for goods or services from companies that are focused on having a positive impact on society and the environment.<br><br>The same study also showed that 50% of consumers cease spending their money with companies that they consider \u2018unethical\u2019.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Need more evidence? The stock price of the 100 most ethical firms outperforms their peers by 300%, according to <a href=\"https:\/\/www.shrm.org\/hr-today\/news\/hr-magazine\/Documents\/9-13%20Ethics%20EPG%20FINAL.pdf\">the Society for Human Resource Management<\/a>. [PDF]<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Add to that the fact that <a href=\"https:\/\/www.gartner.com\/smarterwithgartner\/create-a-culture-of-integrity-to-improve-corporate-compliance\/\">Gartner<\/a> links ethically strong organisational cultures with better compliance and stronger company performance overall. According to the research and advisory company, when corporate culture is strong:\u00a0\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Employees are 90% less likely to observe misconduct<\/li><li>Employees who observe misconduct are 1.5 times more likely to report it<\/li><li>Employees are more than twice as likely to be engaged with their job and company, and almost 2.5 times more likely to exhibit higher levels of discretionary effort<\/li><\/ul>\n\n\n\n<h1 class=\"wp-block-heading\">The technology has never been better<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses that have implemented a robust reporting system are found to have lower levels of dishonest and unethical behaviour among their staff, while significantly improving trust and confidence in their organisation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, businesses with a fraud reporting hotline reduce internal theft and fraud by up to 50% through early detection. Even the deterrence effect created by the presence of an independent reporting system can have a significant impact on ethical behaviour within an organisation.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/reportitnow-global.com\/wp-content\/uploads\/2021\/01\/logo-1024x245.jpg\" alt=\"\" class=\"wp-image-2314\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">By implementing a system, such as <a href=\"https:\/\/reportitnow-global.com\/\">Report It Now<\/a>\u2019s enterprise cloud reporting solution <a href=\"https:\/\/reportitnow-global.com\/ethicspro\/\">EthicsPro\u2122<\/a>, incidents are dealt with by rigorous assessment, investigation, and ultimately, action.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Report It Now helps businesses prioritise conversations about speaking up, providing the tools, resources, and training required to operate an open, honest, and transparent business. To find out more, <a href=\"https:\/\/reportitnow-global.com\/contact-us\/\">contact Report It Now<\/a> for a free, confidential consultation.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Still on the fence about committing to better ethics in your business? Lose the hesitation! The positive benefits of doing business ethically are well-documented.\u00a0 Great expectations Simply put, in 2021, people expect the businesses they work with to wear their ethical behaviour on their sleeves.&nbsp; According to one reckoning, 68% of employees consider their employers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[51,19,52,53,54],"class_list":["post-2309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethics","tag-ethical-reporting","tag-ethics","tag-ethicspro","tag-gartner","tag-survey"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"featured_image_urls_v2":{"full":["https:\/\/reportitnow-global.com\/uk\/wp-content\/uploads\/sites\/6\/2021\/01\/ethics1-scaled-1.jpg",2560,1707,false],"thumbnail":["https:\/\/reportitnow-global.com\/uk\/wp-content\/uploads\/sites\/6\/2021\/01\/ethics1-scaled-1-150x150.jpg",150,150,true],"medium":["https:\/\/reportitnow-global.com\/uk\/wp-content\/uploads\/sites\/6\/2021\/01\/ethics1-scaled-1-300x200.jpg",300,200,true],"medium_large":["https:\/\/reportitnow-global.com\/uk\/wp-content\/uploads\/sites\/6\/2021\/01\/ethics1-scaled-1-768x512.jpg",768,512,true],"large":["https:\/\/reportitnow-global.com\/uk\/wp-content\/uploads\/sites\/6\/2021\/01\/ethics1-scaled-1-1024x683.jpg",1024,683,true],"1536x1536":["https:\/\/reportitnow-global.com\/uk\/wp-content\/uploads\/sites\/6\/2021\/01\/ethics1-scaled-1-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/reportitnow-global.com\/uk\/wp-content\/uploads\/sites\/6\/2021\/01\/ethics1-scaled-1-2048x1366.jpg",2048,1366,true]},"post_excerpt_stackable_v2":"<p>Still on the fence about committing to better ethics in your business? Lose the hesitation! The positive benefits of doing business ethically are well-documented.\u00a0 Great expectations Simply put, in 2021, people expect the businesses they work with to wear their ethical behaviour on their sleeves.&nbsp; According to one reckoning, 68% of employees consider their employers maintaining high ethical standards as \u201cvery important\u201d, while another 38% consider ethical standards to be a first- or second-level priority in the workplace. According to the survey (conducted by company review site Clutch), nearly all employees (93%) agreed that high ethical standards &#8211; along with&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/reportitnow-global.com\/uk\/category\/ethics\/\" rel=\"category tag\">Ethics<\/a>","author_info_v2":{"name":"","url":"https:\/\/reportitnow-global.com\/uk\/author\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 reasons (backed by research) ethical business has never been more important - Report it Now United Kingdom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reportitnow-global.com\/uk\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 reasons (backed by research) ethical business has never been more important - Report it Now United Kingdom\" \/>\n<meta property=\"og:description\" content=\"Still on the fence about committing to better ethics in your business? 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The positive benefits of doing business ethically are well-documented.\u00a0 Great expectations Simply put, in 2021, people expect the businesses they work with to wear their ethical behaviour on their sleeves.&nbsp; According to one reckoning, 68% of employees consider their employers [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/reportitnow-global.com\/uk\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\/\" \/>\n<meta property=\"og:site_name\" content=\"Report it Now United Kingdom\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T00:24:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/reportitnow-global.com\/sg\/wp-content\/uploads\/sites\/4\/2021\/01\/ethics1-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"3 reasons (backed by research) ethical business has never been more important\",\"datePublished\":\"2021-01-19T00:24:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\\\/\"},\"wordCount\":511,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/wp-content\\\/uploads\\\/sites\\\/6\\\/2021\\\/01\\\/ethics1-scaled-1.jpg\",\"keywords\":[\"ethical reporting\",\"ethics\",\"ethicspro\",\"gartner\",\"survey\"],\"articleSection\":[\"Ethics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\\\/\",\"url\":\"https:\\\/\\\/reportitnow-global.com\\\/uk\\\/3-reasons-backed-by-research-ethical-business-has-never-been-more-important\\\/\",\"name\":\"3 reasons (backed by research) ethical business has never been more important - 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