The EY Fraud Investigation & Dispute Services practice has a global reach. Find out who our country leaders are and how you can get in touch.
Two years ago, our 2015 survey uncovered a new dimension to non-compliance. For the first time, the vast majority of respondents, especially Generation Y (25-34 years old), said they would leave, or refuse to join, companies they knew were involved in fraud, bribery and corruption scandals.
Since then, against the backdrop of increased anti-corruption enforcement and the threat of economic instability, our 2017 survey findings show this attitude has become even more entrenched. More employees than ever say they would vote with their feet if their organization was involved in a major fraud, bribery or corruption scandal. A notable 87% of respondents under the age of 25 and 82% of all respondents said they would start looking for another job (up from 78% in 2015), including 37% of all respondents who would be unwilling to continue working for their company (up from 29% in 2015).
Two-thirds of respondents regard a good reputation for ethical behavior as a commercial advantage. But their desire to work for a compliant company is not just about wanting to be on the “winning team” — it goes to strongly held personal values around integrity, honesty and ethics. When choosing a job, 93% of respondents say compliance culture was an important factor in deciding which company to work for. More than two in five say that they would sacrifice salary to work for an ethical employer.
These findings suggest that organizations with a strong compliance culture will continue to be the big winners in the recruitment and retention of talent.
“The findings prove that compliance attracts talent. People prefer a secure, compliant corporate environment rather than being put in a situation where they feel pressure to behave unethically. There has never been a more important moment for employees to understand, trust and feel empowered by compliance.”