Are salary, benefits, and career promotion worth more to you than working in an ethical company…

Are salary, benefits, and career promotion worth more to you than working in an ethical company for responsible leaders and managers with stimulating intellectual opportunities? A survey conducted by David Montgomery of Stanford and Catherine Ramus of UC Santa Barbara of more than 800 MBAs from 11 major North American and European schools reported that “the financial package was only 80% as important as intellectual challenge.” “Reputation for ethics and caring about employees” was almost 77% as important as the top criterion of “intellectual challenge.” More than 97% reported that they would forego important financial benefits to work for an organization that had a better reputation for corporate social responsibility and ethics. MBAs reported a willingness to give up to 14% of their expected income for a company’s reputation for ethics and social responsibility. Career management professionals in 26 countries reported that 82% said corporate leadership ethics was significantly important to job seekers.

Questions

1. Do you agree or disagree with the results of the MBA survey? Explain.

2. How would you rank the following in order of importance (1 = most important; 4 = least important)? ___ Financial package ___ Ethical reputation of organization ___ Intellectual stimulation of the job ___ Care for employees by leaders and managers

3. Explain your ranking.