With modern slavery revelations worldwide, many organisations are being revealed as having less than ethical business practices alive and well in their supply chains. One of the areas that these scandals are hitting businesses the most is internally, as procurement staff morale and talent acquisition are affected by the uncover of unethical business.
Procurement and supply chain professionals are being much more careful about who they work with now due to the scandals and it is causing many top candidates to look for new opportunities with more trustworthy companies.
The Institute of Environmental Management & Assessment (IEMA)’s research has recently revealed that more than 50% of ‘prime’ job seekers would not work for an employer with a record of unethical business practices.
The study defined these ‘prime candidates’ as professionals in their mid-thirties with qualifications that are above average (45% have a Masters degree or doctorate).
Practices that would deter candidates include involvement with modern slavery, poor/unsafe working conditions, lack of concern for the environment, questionable investments and unethical behaviour.
The survey also found that more than one third of prime candidates were apprehensive about the negative impact that some industries and organisations have on the environment.