High unemployment, for example, may encourage companies to freeze the wages of front-line employees even though they may be handsomely increasing C-suite compensation. Companies or executives with the wrong priorities may be overconfident about the power that they have over employees, and specifically unhappy employees. To begin with, companies need to be aware of the impact of deprivation. Moral equivocating in the face of financial deprivation has a number of implications for companies and organizations. When the financial deprivation is deserved When cheating won’t help to improve the financial condition This explains why the research showed three conditions under which moral standards are not compromised even in the face of financial deprivation: In other words, even when they are cheating, they don’t feel that they are doing something really wrong, but instead are just using what means they can to redress an unfair situation. The researchers also emphasize that this transient financial deprivation does not cause people to throw out their moral standards, but rather justify a “shift” of these standards to allow for questionable behaviour. The research was based on transient financial deprivation (as opposed to chronic financial deprivation). And they will judge others suffering from financial deprivation less harshly. Specifically, the research showed that people say that financial deprivation should not excuse immoral behaviour and that people predict that financial deprivation would not lead them to behave immorally.When financially deprived, however, they will let their moral standards slip, engaging in questionable behaviour. The result of the research was a mixed bag: financial deprivation is sometimes but not always a reason for lowering moral standards. To answer these questions, the research team - Eesha Sharma of the Tuck School of Business, Nina Mazar of the Rotman School of Management, Adam Alter of the Stern School of Business and Dan Ariely of the Fuqua School of Business - conducted a pilot survey and five experiments. Will people who feel deprived financially compromise their moral standards? Will they cheat more? Will they be more lenient with others who cheat? There are certain conditions or situations in which people allow themselves to loosen their moral standards.Ī team of leading researchers in the field of morality and ethics decided to test whether financial deprivation is one of those conditions. And yet, academic research also supports the suggestion that people don’t always seem to act in concert with their stated beliefs. New research shows that financial deprivation is one of those conditions and this can have an impact in the workplace.Īcademic research supports the anecdotal evidence that people value moral standards. Under certain conditions, people will let their moral standards shift. Although moral standards are valued unequivocally, moral behaviour is another story.
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