prosourcing—the-effects-of-corruption-and-bribery-on-employment
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Part 1 of our series on corruption and bribery.

Corruption is a serious issue that impacts many industries and sectors, and which can lead to mistrust, economic downturn and instability. Corruption, fraud and bribery have the potential to topple businesses and leave employees in the lurch! Here are some of the negative impacts associated with corruption and bribery.

Employee spirit

One of the most severe effects of bribery and corruption is the human element. Bribery is not only detrimental to the economic activities of a business- it also affects employee morale and performance. Employees that know that they are working for an unethical company, where bribery is tolerated and practised, are more likely to be unmotivated and disinterested in their work. This negatively affects performance, output and overall staff morale.  This, in turn, can lead to high staff turnover.

Lost business resources

When corruption and bribery take place, resources are diverted from their appropriate and planned-for destination. Corruption reduces the infrastructure of a company as well as the effectiveness of public investments.  The company may lose business if corruption and bribery is exposed, potentially leading to economic losses, job cuts and instability.

Reputational Damage

When a business finds itself exposed to corruption, it probably experiences a serious blow to its name and reputation. The general public, existing clients and customers, as well as potential business partners and clients, are exposed to negative perspectives of the company and are unlikely to trust this company.

How can businesses prevent corruption and bribery?

Businesses need to be proactive in their approach to corruption and bribery. Here are six steps that can be taken to reduce the risks of corruption and bribery taking place:

  1. Proportionate procedures
  2. Top-level commitment
  3. Risk assessment
  4. Due diligence
  5. Communication
  6. Monitoring and reviewing

These steps must be employed from within the company to ensure that corruption and bribery do not take root.

No company is immune to bribery or corruption, which is why it is so critical to manage, control and monitor businesses closely. Businesses need to recruit honest and fair workers and ensure a reputable workplace. As a job-seeker, it’s essential to assess potential employers to verify their credibility and ethics!

Let Professional Sourcing handle your sourcing needs, ensuring a fair and reputable workplace.

Professional Sourcing has a strong reputation for highly developed recruitment expertise within our specialisation areas. We develop strong long-term relationships with our loyal clients and bluechip employers. Allow us to help you deal with your frustrations of a lengthy hiring process.

Professional Sourcing is a top-tier South African-based recruitment agency operating internationally, IPM accredited, LEVEL 2 BEE RATED and 51% Black Owned.

Our agency specialises in professional placements (senior and specialist talent) and exclusive skills recruitment to a wide range of industries, including JSE’s top 100 companies, SMEs and the Public Sector.

Our agency specialises in professional placements (senior and specialist talent) and exclusive skills recruitment to a wide range of industries, including JSE’s top 100 companies, SMEs and the Public Sector. -- Patricia Koekemoer

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