'Corporates emphasising on productivity at the cost of ethic and values'

PANAJI: Corporate companies are laying too much emphasis on productivity at the cost of ethics and values. This observation was made by at a two-day HR & corporate governance conference that began in Goa today.
Speaking at a panel discussion on HR and corporate governance, Dhruv Desai, Sr VP at Angel Broking Pvt Ltd said that, "The culture in some organisations was becoming dysfunctional as performance was being chosen over values or principles." Such companies look at the achievement oriented employees, he added.
This was leading to even financial institutions such as banks hiring higher level employees, who have a tendency to take risks and high risk takers tend to bend the rules. This bending of rules can become uncontrolled, he said.
He however said the economic crisis the world over have led to the global economy going about business through cleaner process. Desai felt there was a need for HR to act as a watchdog in companies as HR is responsible for recruitment.