Is your business ethical - and do your stakeholders think so?
Listen in as Survey Director, Christopher Cowton shares his thoughts on our latest survey, IBE Attitudes of the British Public to Business Ethics 2022.
30 June 2022
What is the ethical issue?
Wellbeing, put simply, is about ‘how we are doing’ as individuals. It includes the physical and mental wellbeing of employees in a workplace, and signifies the importance of ensuring they are happy, healthy and motivated.
In 2015/2016, the official Labour Force Survey reported that the number of working days lost to stress, anxiety and depression reached 11.7 million. According to research by recruitment consultancy Robert Walters, 88% of professionals believe that employers have a responsibility to support and enhance employee wellbeing.
Organisations are also becoming more aware of the need to develop and embed effective employee wellbeing programmes. It is no longer adequate to simply add green plants to the office or offer weekly fruit deliveries.
Without a positive and progressive approach to mental health and wellbeing, organisations run the risk of not moving with the times. With younger generations more attuned to, and open about, mental health in the workplace, an obstructive or unhelpful approach within a company or its senior management could cause recruitment and retainment issues.
IBE Guidance
A summary of good practice
- Organisations need think holistically about employee wellbeing, and develop a wellbeing strategy that goes deeper than superficial initiatives and is informed by the company’s ethical values.
- Focus should be given to creating a culture of openness and support, which encourages employees to discuss concerns with line managers, while also providing opportunities for teamwork and enjoyment, such as sport, which creates a stronger working community.
- A supportive tone from the top, with a formalised position on wellbeing, sends a message to employees that their welfare and happiness matters. Organisations may choose to empower and train line managers to notice signs of faltering wellbeing and initiate early intervention, as well as introducing flexible working arrangements to meet employees needs.
- By establishing a supportive and happy culture, organisations are more likely to secure and retain the best talent. In turn, organisations can be rewarded with employees that want to uphold a culture of integrity which will prove intrinsic to the company’s long-term success.
Further resources
Attitudes of the British Public to Business Ethics 2022
Businesses and UK politicians must do better at demonstrating their ethical credentials if they are to win back the confidence of the British public - the 2022 results of the IBE's annual survey of the attitudes of the British public to business ethics.
29 June 2022
Business Ethics in the News 2021
This resource presents an overview of the ethical concerns and lapses, as well as the positive business ethics stories, that the IBE recorded for its media monitoring exercise in 2021. It provides an analysis of the year’s trends and the issues and sectors that featured most frequently.
24 January 2022
Employees’ voices: a glass half full
The results of our latest Ethics at Work survey bring us some good news, but also some red flags that cannot be ignored as organisations shape their ethical agenda for the future.
08 December 2021
The right question
Read the latest blog by Mark Chambers, IBE's Associate Director (Governance).
10 November 2021
Ethics at Work: 2021 International Survey of Employees
This survey is the only one of its kind, covering 13 countries over four continents, that provides real insight into employees’ views on ethics across all sectors and job roles.
04 November 2021
Every crisis is an opportunity
Read our latest guest blog by Sally March, Jane Mitchell, Robert Smith and Ruth Steinholtz.
13 October 2021
Attitudes. Ethics. Trust.
In this blog, Guendalina Donde, IBE's Head of Research, discusses the results of the 2020 Attitudes of the British Public to Business Ethics survey.
13 January 2021
Attitudes of the British Public to Business Ethics 2020
The 2020 results of the IBE's annual survey of the attitudes of the British public to business ethics.
30 December 2020
The Lessons of 2020
To end 2020, IBE's Director, Ian Peters, reflects on the lessons learnt and looks ahead to 2021.
23 December 2020
Business Ethics in the News 2020
This briefing provides an overview of the ethical concerns and lapses that were recorded by the IBE in its monitoring of media coverage in 2020.
23 December 2020
Hugh Kay Lecture: Standards in Public Life - Are we in a Post-Nolan age?
View the recording of our webinar.
12 November 2020
#PandemicAndBeyond - 20:20 Hindsight
In the first blog of the series, Pandemic and Beyond: the ethical issues, Mark Chambers, IBE’s Associate Director (Governance), introduces the series and reflects on the year so far.
02 September 2020
Doing business ethically in a time of coronavirus
Our Chair, Prof. David Grayson CBE discusses doing business ethically in a time of coronavirus in the latest IBE blog.
06 April 2020
Now is the right time to look at your culture
Ethical failures in business continue to happen with depressing regularity. Unfortunately, many organisations are only spurred to look at their culture and take the steps to embed ethical values at the heart of their decision making after things have gone badly wrong and customers, shareholders and colleagues have suffered as a result.
05 February 2020
Business Ethics in the News 2019
This briefing provides an overview of the ethical concerns and lapses that were recorded by the IBE in its monitoring of media coverage in 2019. It gives an overview of which sectors and issues related to business ethics were most covered in the news. For 2019, we have recorded a total of 361 different stories involving lapses of companies with a UK presence.
29 January 2020