How Ethical Leadership Can Improve Your Employer Brand
How does your organisation ensure its brand stands out in the recruitment market? As you seek to recruit and retain the best and brightest, CEO Vanessa Pigrum shares valuable insights into how ethical leadership improves your employer brand in this article for Recruitment Marketing Magazine.
Every organisation wants the right person in the right job.
Every person contemplating the roughly 90,000 hours they’ll be spending at work wants to be in the right job.
Which is why magazines such as Forbes release annual lists of the world’s best employers, and why sites like Glassdoor, where employees rate their employers, exist. If you’re going to spend a third of your lifetime at work, you’re going to research what different organisations offer.
So how can employers ensure their brand is viewed favourably and can compete against its contemporaries? Know what motivates the people you want to hire.
Understanding what motivates your people
Yes, salaries and perks matter but they’re fairly generic. There’s probably not much you offer that your competitors can’t match. Where you can differentiate yourself is through your principles. It’s increasingly important for potential employees to find companies with values that align with their own, particularly (but not only) to millennials who will comprise 75% of the workforce in 2025.
One of the effects of the pandemic is that it has thrown into sharp relief what matters to people, in their personal and professional lives. Whether it’s flexible working hours, changing where they live or ditching their commute, people now know what’s possible. In the years to come, they’ll be looking for companies that accommodate those choices, and allow them to bring their whole selves to work. They’ve also watched how organisations have treated their staff in this crisis, and taken note.
“It’s increasingly important for potential employees to find companies with values that align with their own, particularly (but not only) to millennials who will comprise 75% of the workforce in 2025.”
Organisational values can no longer be the laminated sheet on the wall of the office kitchen. They need to be the authentic foundations of company processes and systems, informing decision-making and making the company’s actions consistent and transparent. Those values need to genuinely permeate the daily experience of employees.
It starts from the top
This starts at the top. Staff are significant stakeholders and need to be recognised as such. People want to make a positive impact. They want to genuinely speak with pride about what their company stands for. They want to work for leaders with integrity, and they expect a high degree of transparency about decisions that affect them. Employees flourish when working with ethical leaders; those who create a culture in which employees can safely challenge decisions, and where contributions are welcomed.
The right organisational culture produces a secure and productive workforce – proud ambassadors who’ll champion your brand on their social channels and in their professional interactions.
Once you’ve got the right people on board, how do you keep them there? Organisational churn is disruptive, and costly. It’s estimated that the Australian economy loses $3.8bn each year in lost productivity due to staff turnover. Work perks aren’t enough to keep staff hanging on in the face of toxic organisational culture and unethical leadership. The resulting low morale tends to breed a culture of mere compliance and minimum effort amongst those who stay, and high turnover as those who can leave do.
Creating ethical decision-making frameworks
Invest in your human resources the way you do any other. Everyone in their career will face challenges which can’t be solved by a Code of Conduct. Help your people meet these challenges by providing professional development which exposes them to different ethical decision-making frameworks and increases their ability to work through ambiguity. Empower them to move from simply following rules to being able to question the rightness of an action or circumstance. Ethical fade is real, and needs to be consciously addressed.
Strengthen their judgement and critical thinking skills. Support people who are motivated to create change along ethical lines and make sure their efforts are recognised. Equip your employees with the capabilities to assess the impact of the organisation’s priorities and overtly give permission for them to act constructively on what they may uncover. All of these measures will help them, and the organisation, make the right decisions for the right reasons at the right time.
There are many positive benefits of strong ethical leadership – brand safety, reputation management and growing market share. But among the most important is attracting and retaining high calibre staff who will share their experience of your organisation widely. Word of mouth is a powerful force, and it’s a recruitment tool you want to get right.
Recruitment Marketing Magazine, 11 December 2020. Read the full article here
Cranlana Centre for Ethical Leadership’s programs include the 2 day Executive Ethics, 6 day Executive Colloquium and year-long Vincent Fairfax Fellowship. We also deliver online and tailored corporate programs. Find the right program for you. They are all held under the Chatham House Rule to encourage genuine and open debate, and allow participants to candidly discuss sometimes sensitive issues in private while allowing the topic and nature of the debate to be made public, and contribute to a broader conversation. The alumni program offers ongoing leadership development support and a lifelong connection with Cranlana.