soxfirst
Sarbanes-Oxley hits employee morale
Filed in archive SOX by leon on December 16, 2005
BlogPicture

Plenty of talk about the financial costs of Sarbanes-Oxley, the latest coming from oil giant BP which says SOX is costing it $100 million a year and findings from Gartner that IT financial compliance management spending will increase to between 10 percent and 15 percent of IT budgets in 2006, up from less than 5 percent in 2004.

But an Oversight Systems report suggests there's another big cost - on employee morale. It comes from mind-numbing repetitive work that some employees view as redundant and a distraction from their real job. The result: high turnover and a situation where there is a risk that all the hard work on compliance falls apart.

Ways to deal with the problem would include companies making more of an effort to link compliance with tangible business benefits. Linking it to pay packets and performance objectives would help too.

Permalink: Sarbanes-Oxley hits employee morale
Tags: employee  morale  SOX  Gartner  BP  IT 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/12450
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for Sarbanes-Oxley hits employee morale:

  • Currently 6.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 6.00 out of 3 vote(s) cast.
 
Subscribe
Share It
Popular posts from our other blogs:
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!