How to Instill an Ethical Atmosphere at Your Workplace
Instilling an ethical atmosphere at the workplace starts at the top. It begins with ethical leadership that’s respectful and inclusive. If these two behaviors are consistently represented by the leadership, it will help to build trust across social, political, and economic boundaries.
Ethical leaders can have a huge impact on the organization as a whole from enhancing their business and culture, in addition to the community and surrounding environment. They communicate with their staff that they’re not there to exploit staff vulnerabilities and that they’re there to serve others and make a positive difference.
An excellent example of this is Gravity Payments CEO, Dan Price. When he overheard one of his employees complaining about their personal struggle to make ends meet with their current compensation, it inspired him to do something radical.
He made international headlines last year when he announced that he was going to raise the company’s minimum wage to $70,000 over three years and drop his compensation that was previously over a million dollars to help fund the raises.
There was a lot of chatter that it would backfire, but it didn’t. The company’s doing even better as profits are rising, they have a very low turnover rate, and his employees even bought him a Tesla to show their appreciation.