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Squeeze your employees, and you’ll pay the price. Seems obvious—but Ernst & Young has actual evidence. For its annual fraud report the firm surveyed 3,000 company board members, managers and their teams in 36 countries across the world, and found that employees feeling the double pinch of increased demands and fewer financial perks are alarmingly likely to respond by doing anything from fudging the numbers to bribing officials and clients.
Practically everyone, it seems, is feeling the pressure to grow their businesses and meet their targets in a tough economic climate, but at the same time, “the vast majority” of people reported that they’re not getting the bonuses, raises and other perks that they used to. Oddly enough, this is true not just in the sputtering engines of Western capitalism but also in hyper-competitive rapid-growth markets “where the battle for talent remains fierce.” In India, for instance, 43% of respondents were witnessing what E&Y delicately describes as “downward pressure on pay and remuneration.”
Via The Learning Factor
