In Cedar Falls, Iowa, the heartland of America, the CEO of a successful brokerage firm, Peregrine Financial Group, has been charged with 31 counts of fraud. Russell Wasendorf Sr. allegedly stole over $200 million from his customers over a 20-year period.
In the hallowed halls of Penn State University, football coach Gerry Sandusky abused young men over the course of many years. His conviction on 45 counts has forever impacted his employer’s reputation and their bottom line.
What could these two cases, so different on the surface, have in common? In both cases, employees and managers failed to speak up and human resource professionals were unaware or marginalized, crippling their ability to protect their employers. What lessons can we learn for our own businesses?
Lesson #1: Human Resources play an integral role in a company’s success. Oftentimes the HR department in a business is viewed as paper pushers, regulators, and sticklers for government regulations…
Read the entire post–Two Cases That Show Critical Need For HR Involvement—at kpbj.com.