Winning The Talent War
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With the unemployment rate near 7%, why are we still in the situation where employers cannot find enough of the right candidates to fill their open positions? The method of hiring top talent has changed-- no longer is it just about salary, benefits and location, but how a company can become an ¡°Employer of Choice¡±. Top employers know the keys of attracting better talent and getting their teams to perform at the highest level. Winning the Talent War presented a clear strategy to recruiting the right people, building a high performing culture and creating an employer brand, all of which will put you in the lead to becoming a top desirable employer and on the road to winning the talent war. Lee-Anne Scalley of OneInAMil and John Smith of BreakTheEquation teamed up to bring you a detailed presentation on how employment has drastically changed in the last three years and how to be a winner on the talent battlefield.
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Chapter 12: Duties as a Whistleblower
Whistleblower
A whistleblower is an employee or former employee who reports misconduct to people or entities that have the power and presumed willingness to take corrective action.
Whistleblowers can be internal or external.
Whistleblower Motivations
Whistleblower motivations include:
Revenge
Reputation Preservation
Altruism
Collecting financial rewards
Fasle Claims Act
Whistleblower (cont)
Whistleblower-
One of the most well known whistleblowers is Jeffrey Wigand, who exposed the Big Tobacco scandal, revealing that executives of the companies knew that cigarettes were addictive while approving the addition of known carcinogenic ingredients to the cigarettes.
http://www.imdb.com/title/tt0140352/trailers-screenplay-E11632-10-2
Think Russell Crowe in the movie The Insider.
More recent whistleblowers include¡..
Whistleblower (cont)
Cynthia Cooper (Worldcom), Coleen Rowley (FBI), and Sherron Watkins (Enron)
¡°their lives may not have been at stake, but Watkins, Rowley and Cooper put pretty much everything else on the line. Their jobs, their health, their privacy, their sanity--they risked all of them to bring us badly needed word of trouble inside crucial institutions¡±
Whistleblower Programs
FeatureIRSDodd-Frank ActFocusTax violationsFederal securities laws violations, including bribery, fraudulent accounting, and insider tradingSubmitted information Secret information or publicly available information Only ¡°original¡±, nonpublic information Minimum threshold for recoveryOver $2 million Over $1 million Typical range of award15% to 30% of IRS Recovery15% to 30% of SEC RecoveryAnonymity protected? Yes, usuallyYesProtection against workplace retaliation?No Yes
Whistleblower Laws
Section 806 of SOX
Only applies to publicly traded companies
File a complaint with the Department of Labor (DOL)
If DOL hasn¡¯t ruled on it within 180 days, it goes to federal court or a civil suit may be filed
Remedies of employee include relief ¡°to make the employee whole¡±, compensatory damages (same job back, back pay, special damages as result of action)
Whistleblower Laws (cont)
Do Whistleblower laws (specifically SOX section 806 provisions) work?
whistle-blowers still face a painful cost-benefit decision: whether a lawsuit with uncertain chances of success is worth the professional and personal sacrifices that will assuredly be required
Many employees have to change industries after filing suit, whether the case has merit or not
A study that looked at 470 cases filed between 2002-2005, the whistleblower won only 3.6% of the time.
Whistleblower Laws (cont)
What can/should employers do?
Have an independently-operated whistleblower complaint system.? If the system is operated by personnel skilled in the underlying accounting, auditing, and internal control issues, proper information will be immediately collected, so that investigations are cost-effective and complete.?
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Tran Quoc Bao: Redefining Healthcare Leadership in Vietnam and Promoting Global Medical Tourism He is recognized by Google as one of the Best and Most Influential Healthcare Leaders in Vietnam in 2024.
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- 2. One In A Mil & Break the Equation Winning the Talent War By Lee-Ann Scalley & John E. Smith
- 3. About
- 10. Organization of Choice Are You An Employer, A Partner, A Company of Choice?
- 11. Becoming an Employer of Choice Interviewing Shadowing On-Boarding First Day Buddy System Orientation Baseline Expectations Structure Communication Career Recognition Growth Social Events Marketing Crowd Employee Engagemen t Guidance Document
- 16. Interview Experience ¡even though I didn¡¯t get the job
- 17. The Best Time?
- 18. Be Where The Talent Is
- 19. Talent For Talent Sake
- 20. Aptitude
- 21. Have a Vision Sugar water
- 23. Be Social
- 24. Leave No Stone Unturned
- 27. Alignment
- 28. Tours of Duty
- 29. Give Them a Voice
- 30. Career Path
- 31. Environment
- 32. Check In
- 34. Remove The Bull Shit
- 35. Clarity, Communicate & Lead
- 37. Thank You! 37 Lee-Anne Scalley / John E. Smith Start-up Ninja¡¯s La.scalley@oneinamil.com John.smith@breaktheequation.com
- 38. One In A Mil & Break the Equation Winning the Talent War By Lee-Ann Scalley & John E. Smith