The Most Important Aspect of Work
In the book, it was pointed out that the ethical judgement of a person does not equate to his or her ethical behavior. To reinforce this, the author uses a case about Wells Fargo where the company opened millions of unauthorized credit cards in the name of its present customers. Looking at it, the act is easily identifiable as fraudulent however, the fraud was able to escalate to a point that at least 5,000 employees have participated in it, and Wells Fargo was able to sell up to 3.5M USD financial products to its customers without their consent.
Analysis by investigators were able to uncover the horrifying reason why this has gone undetected for several years: that the management was aware about it, and encouraged the fraudulent activities. There was even evidence that senior executives knew about the practice even before it became public.
It’s unbelievable to think that a company so big is capable of uniformed fraud and yet this only reinforces the importance of a concept we previously tackled - corporate culture.
As defined in the book, corporate culture is the shared pattern of beliefs, expectations and meanings that influence and guide the think and behavior of the members of an organization. It was through Well Fargo’s culture of incentivizing greedy practices and setting higher than average targets to its employees that the fraud was able to fester and grow, with employees thinking that it was okay to continue cross selling as long as they got to keep their job and the company profited from it.
Thankfully, I’ve never been with a company yet that encourages horrible practices just to meet targets. While the audit field is very exhaustive, I still felt that my company cared for my well-being, especially when my then manager implemented a rule where we weren’t allowed to do overtime, and was forced to go home on the clock two out of five days of the week. This then evolved to a company-wide effort to reduce overtime hours by setting the cut-off for overtimes at 12 midnight. While this initially disgruntled a lot of coworkers, insisting that the problem was with their workload, and that they did not choose to clock in a lot of hours by choice, I focused on the the message that my previous company was saying: that work was not something important enough for their employees to lose sleep over.
Ever since that first taste of corporate culture from a company that truly cared about its employees, corporate culture is now always the first thing I look for in a company. Currently, I’m with a company that exhibits positive corporate culture, in my opinion, with flying colors. The first day I’ve joined, I was personally escorted by my manager, and was introduced to everyone in the floor. Everyone had big smiles, and I’ve observed that the interactions between coworkers were light and almost playful.
My manager then (he has since resigned) conducted weekly meetings just to check on us and make sure we weren’t overworked, or if we had any difficulties adjusting to the work from home set-up. I actually fully realised that this was really the company culture and not just one work of an individual when a few days ago, a manager for a business unit I was supporting (translate: not my immediate manager) randomly called me just to check up on me and make sure I was happy with my current responsibilities.
These experiences emphasise the importance of a leader, and just how much they influence the corporate culture in a company. It’s not enough that policies are written or memos are in place, as is the case with Wells Fargo, but that the leaders also show with their own words and actions the values they want to instill in each employee.
I’m happy to be a in place where I can say that this is the corporate culture I want to grow in, and contribute to. I hope one day I’ll become a leader that will be able to continue this practice of mindfulness, and inspire the same joy I feel right now towards my employer.