Job seekers need to pay attention to a corporation''s reputation because scandals can leave black marks on resumes, according to CareerJournal.com, The Wall Street Journal''s executive career site. The current wave of corporate scandals has raised concerns about ethical standards in the workplace among both employers and job seekers.
"Job seekers should research a corporation''s reputation before accepting an offer," advises Tony Lee, editor in chief of CareerJournal.com. "Working for a company with a damaged reputation can impede future job prospects."
On the business side, companies like Arthur Anderson, Enron, and WorldCom have paid a big price for their lack of integrity. As much as 47 percent of American companies'' net worth is tied up in intangible assets like brand equity and reputation, according to the United States Federal Reserve.
"In an effort to protect the financial well-being of workers and investors, President Bush has instituted tougher criminal penalties for corporate fraud and put 200 federal prosecutors to work detecting and punishing corporate crime," notes Lee.
"For companies to survive and thrive in today''s economic climate, they need
to devote some resources to their ethical standards. Questionable business
practices are a clear ''red flag'' for job hunters," says Lee. "Even in a poor
economy when jobs are scarce, job seekers should research the ethics programs
of potential employers before it endangers their tenure, retirement savings
and self-esteem."
CareerJournal.com advises job hunters to ask prospective employers the following questions:
· Is there a formal code of ethics?
· Are workers at all levels trained in ethical decision making?
· Do employees have formal channels available to make their concerns known
confidentially?
· Is misconduct disciplined swiftly and justly within the organization?
· Is integrity emphasized to new employees?
· How are senior managers perceived by subordinates in terms of their own
integrity?
About CareerJournal.com
CareerJournal.com (www.CareerJournal.com) is the premier career site targeted
to executives and professionals. Featuring more than 30,000 top-level jobs
and 2,500 articles on all aspects of job hunting and career management, the
site attracts over 500,000 unique visitors monthly. CareerJournal.com
features salary data, negotiating tips, popular columns from the Journal, and
exclusive content from its own dedicated news staff. The site was recently
awarded a gold star and named Best Executive Career Site by Yahoo! Internet
Life magazine, was named "Editor''s Choice" as best executive job site by PC
Magazine, received a Best of the Web award from Forbes magazine and was
selected Best Site by CareerXRoads in their 2002 Directory.
Contact: Beth Brody, Brody PR (for CareerJournal.com)
609-397-3737,
bebrody[at]aol.com
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