What factors could contribute to unemployment?

Possible root causes of unemployment

• • Legacy of apartheid and poor education and training.
• • Labour demand – supply mismatch.
• • The effects of the 2008/2009 global recession.
• •
• • General lack of interest for entrepreneurship.
• • Slow economic growth.

What is the impact of bribery?

Lower employee morale: being guilty of bribery or having a workforce that knows it goes on leads to lower employee morale. This leads to lower productivity in the workplace. Coupling this with fines and damaged reputation, it can be a death blow to any business.

How does bribery affect the economy?

Corruption increases the cost of education in countries where bribery and connections play an important role in the recruitment and promotion of teachers. As a result, the quality of education decreases and this affects the overall health of the economy.

What are the factors contributing to unemployment in South Africa?

A lack of education and training is considered the root cause of unemployment in South Africa. Here are some reasons why the education system is failing the youth; ♣ A lack of requirement skills. ♣ Secondary and Tertiary institutions do not provide enough post-graduate guidance.

How does economic growth contribute to unemployment?

In Okun’s (1962) study it was discovered that if GDP grows rapidly, the unemployment rate declines, if growth is very low or negative the unemployment rate rises, and if growth equals potential, the unemployment rate remains unchanged.

Why is bribery unethical in business?

Bribery is an unethical practice, as it increases wealth inequality and supports corrupt regimes. As an immoral act, bribery should be prosecuted even in countries in which it is an acceptable practice. Businesses and governments should be considered moral entities that enter into a social contract.

What are the negative impacts of bribery and corruption in business?

Corruption, fraud and bribery have the potential to topple businesses and leave employees in the lurch! Here are some of the negative impacts associated with corruption and bribery. One of the most severe effects of bribery and corruption is the human element.

Do companies need to comply with international anti-bribery standards?

Companies that can demonstrate conformity to an internationally-accepted anti-bribery standard may more easily attract business partners and investors who expect greater financial transparency and disclosure of activities to determine bribery risks.

What is a bribery prevention program and how does it work?

It outlines a program that can stand alone or be integrated into a company’s existing management system, and offers a common language and approach that stretches across borders and industries. It covers bribery in all of its forms — direct and indirect, inbound and outbound.

How can companies benefit from a global anti-corruption standard?

There are five important ways a standard like this can help companies strengthen their practices: Defining clear roles for boards and top management: The standard focuses on leadership roles as central to an effective anti-corruption system.