What’s the ROI for Ethics Training?

You are here:

Home
Ethical Leadership
What’s the ROI for Ethics Training?

October 20, 2014 By fbucaro

A company could spend thousands on an ethics training program that has no affect on its employees. Especially in this challenging economy, people want to know, what is the ROI for an ethics training program? While the answer can be debatable, because how do you quantify the possible ethical infractions that DIDN’T happen? I certainly understand the concern for provable results for a program like this. I encourage you to take a deeper look at the actual training module to determine what results it could yield.
Why does ethics training fail? There are many answers to this question…..Maybe the two hours of ethics training a year is not enough to make a difference? Maybe the training content is not relevant to employees’ daily responsibilities? Could it be that it’s purely web-based and focuses being compliant rather than being ethical? Or maybe actual tools/techniques to use in ethical decision making are not taught? Does the training speak frankly to what are the real hot buttons facing employees?
An ongoing training program that addresses ethical leadership, moral awareness, and decision making is a must! A program that speaks frankly to the heart of the matter and that can relate ethical behavior to participants’ daily lives will be much more effective and will yield results for the long term! An ethics training program that provides the tools to create an ethical climate is the only way to approach ethics training.
Ethics training is not just a nicety that looks good to everyone else! It’s a necessity if you want to decrease the odds of ethical problems before they become a potentially expensive legal problem, a public relations nightmare or a trauma to employee morale. How much would you invest to preserve your company’s reputation, growth and profits? We have seen seemingly indestructible Fortune 500 companies collapse due to one major ethical violation, on a regular basis for at least the last 10 years! Let me ask….What are you doing to maintain your organization’s ethical culture?

About the author

fbucaro

Like you, business ethics and ethical leadership expert, Frank Bucaro has seen the challenges and problems of corporate leadership, particularly over the past few years in regards to poor decision-making, SEC violations, and record breaking financial settlements in a number of different industries. With over two decades of executive training, speaking, writing and with real life experiences, his view and approach to ethics in the workplace is uniquely different. He emphasizes that ethics is a moment-to-moment choice and has little to do with position, titles, personalities or education. Ethics is everybody’s responsibility from the top down. His goal is to help organizations to: a. Strengthen their ethics training initiatives in order to significantly decrease the odds of an ethical/compliance violation. b. Energize, train and motivate employees to understand the value of consistent “high road” behavior as a business advantage. c. Support individuals and thereby the organization by contributing to its success by quality, ongoing values based leadership development. Frank is known for his very practical, slightly irreverent, yet somewhat humorous approach to ethics and leadership development. His conversational style and real life stories connect with his audience in a personal, intense and practical level. Companies such as Bayer Healthcare, BP, ReMax International, EnMax Energy, Danone, etc. have partnered with Frank when they want to proactively stress the message, tools, insights and practical applications that good ethics IS good for business!

Why your Organization may need an Ethics Consultant.
July 11, 2017

Coach or Consultant: How do decide which you need?
June 6, 2017

Are these your ethical issues?
June 2, 2017

Lip service to ethics education is no education!
May 30, 2017

How can you improve your ethics training in 2017?
April 4, 2017

Having a right and doing what’s right are not the same, right?
March 13, 2017