Uncertainties in the business environment, augmenting pressure to meet financial targets and aspirations to achieve unprecedented career growth are driving employees to justify unethical workplace behaviour, states EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey. The India findings of the survey titled Human instinct or machine logic – which do you trust most in the fight against fraud and corruption? highlighted that 41% of Indian respondents would be prepared to act unethically to enhance their own career progression or remuneration package. Globally, 1 in 5 respondents said they would be prepared to act unethically for their careers.
The perception of fraud and corruption in corporate India has seen a marginal but positive shift, led by amplified regulatory scrutiny and emphasis on transparency and governance. However, unethical behaviour at the workplace, including Gen Y has become a serious cause of concern. While improved enforcement action has restored confidence in businesses, organizations should encourage millennials to strengthen their moral compass, communicate the importance of upholding ethical standards and develop programs to motivate our future leaders make right choices in life.
Download the full report here: EY EMEIA Fraud Survey 2017