In past years, organizations believed business ethics was only a way of managing compliance of legal principles and adherence to internal regulations and policies. Today the situation is different. Attention to business ethics is on the rise and many companies realize that in order to succeed, they must earn the respect and trust of their employees and clients. Presently organizations are being pushed to better their business performance to stress legal, ethical and socially responsible behaviors. Organizations are held responsible for their actions as demand grows for higher standards of social responsible behavior. With that being said, what are some of the ethical responsibilities companies have with their employees, and why are they …show more content…
Organizations should conduct themselves towards their employees in a way that their policies and regulations adhere to legal standards; this is so employees know that all of their basic legal rights are and will be protected as stated by federal and state law. When an organization is truthful to their employees, the employees will become aware of their actions and act in a positive way towards the organization and therefore will work towards maximizing productivity, maximizing profit and boosting employee morale. An organization should measure the success of their ethical policies by acknowledging that they have done everything according to the law, the benefit of the organization and the success and happiness of their employees.
In my opinion, the major ethical obligations companies have with employees is that of the Equal Employment Opportunity "The U.S. Equal Employment Opportunity Commission (EEOC) is responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person 's race, color, religion, sex (including pregnancy), national origin, age (40 or older), disability or genetic information. It is also illegal to discriminate against a person because the person complained about discrimination, filed a charge of discrimination, or participated in an employment discrimination investigation or lawsuit.
Ethics should form an integral part of every organization. Most companies have a manual that lays down guidelines regarding ethical practices in their organization. People associated with the company should abide by these guidelines.
Another important factor to consider is if each of the organization's employees is being treated fairly. An organization should ensure that they create and follow a code of ethics in which employees feel that both the employee and the employer are held accountable and encouraged to be ethical in treatment to one another. This translates as a feeling by employees that the employer trusts them in their jobs and professions and that all employees are treated fairly and justly in all actions and company pursuits. This means that each employee should be treated
The Cheesecake Factory has been one of the more successful chain restaurants in recent years because they have provided great food and outstanding customer service in a fun atmosphere. The cheesecake factory employs a high standard of general conduct and moral aptitude. As a chief executive officer in today’s society, it is my responsibility to ensure The Cheesecake Factory abides by the laws and ethical duties that are mandated by today’s society. There is a copious amount of benefits to being a chief executive officer, however there is an equal amount of risk as chief executive officers are held liable for almost any action or infraction that their company has induced.
Ethics are need in organizations like mine so people will not take advantage of other co-workers and the customers. People in these companies sometimes treat the worker unfairly and will not pay them for their worth. They work long hours and get no compensation. Some companies like ENRON cheat people and cause problems globally because of the different investors that have invested in the company. The individual loses their job, the organization suffers in
Under the Statement of Ethics all employees and associates must adhere to the policies and abide by the laws. Such as Discrimination & Harassment Prevention, Product & Food Safety, Environmental Responsibility, Health & Safety in the Workplace and
It is important to treat employees fairly, this is to mean that they should not be overworked because the company wants to make profits. The law should be followed in the process of building the business, humanity should prevail.
Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.
Archie Carroll proposes that the ethical responsibility of an organization’s management is to follow the generally held beliefs, about the behavior in a society. In the ethical responsibilities approach suggests that business must embrace their actions, standards, practices and norms that even though they are not classified as a law or regulation. Other aspect of the ethical expectation requires that businesses must conduct operations while not compromising ethical norms. The goal of these expectations requires employees to be responsible to the fullest existent of norms, business standards, values, and principles with respect to the stakeholders’ moral rights. This can be achieved in a fair and objective manner, even when laws do not provide guidance or other courses of action.
Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.
We as individuals come across situations in our daily lives that force us to make decisions that we may always agree with morally as well as decisions that may push our moral compasses to their limits. If you are a working professional no matter what the field, these decisions can come with big ramifications, good or bad. I have come to find that with every individual there comes a different set of beliefs, attitude, boundaries and ethical views. We do not all share the same brain so I find it hard to digest that we all think the same way during the same situations. We may not all see eye to eye on these topics but when you work for an employer whether it be a fortune 500 company or just a small mom and pops you have to adhere to their companies set of values and beliefs. Many large companies have policies and trainings in place to project these values to their employees. Business Ethics is defined as the application of a moral code of conduct to the strategic and operational management of a business (Applied Corporate Goverenance.com). As many large companies do provide the training on Business Ethics and what they expect from their employees many of the smaller companies do not. I have worked on both ends of the spectrum and while the training was very beneficial in my eyes I ultimately think that it is up to the individual to uphold these moral standards not just for the company but themselves as well. Companies may have variations on
You will encounter many decisions in your career. How you choose to handle them will outline your ethical values. The best companies value their employees just as much as their customers. Human resource managers play an essential role in applying ethical principles. Human resource managers set an example for the rest of the company, as ethical behavior trickles down from the managers, supervisors, employees, and customers into the local community. Almost all large sized companies have some type of human resources management in place so that employees have someone available to help them deal with many different types of issues that include understanding the companies
Ethics is defined as the values that an individual uses to interpret whether any particular action or behavior is considered acceptable and appropriate. Business ethics is the collective values of an organization, used to evaluate whether the behaviors of the organization’s collective members are considered acceptable and appropriate. To understand what is acceptable and appropriate for individuals, their moral values must be identified and supported. Ethics in the workplace is essential especially for managers since they are the leaders and representatives of the company. Managers are responsible for hiring new employees and making sure employees adheres to the company’s ethical standards Managers have to consider the ethical decision being made and balance the interests of all stakeholders in the company. Business organizations have to contemplate how their actions impact overall society. Managers have the ability to establish their own rules pertaining to acceptable and unacceptable behaviors within the organization. Formal attention to ethics in the workplace is the right thing to do. A Manager
In their personal and professional lives, people can and, unfortunately, sometimes do go against their moral and ethical standards. Ethical standards are what it means to be a good person, the social rules that govern our behavior. Ethics in business is essentially the study of what constitutes the right and wrong or the good or bad behavior in the workplace environment. A business is an organization whose objective is to provide goods or services for profit. The organization has a group of people that work together to achieve a common purpose. The moral challenges that these men and women face each day along with a whole range of problems that could occur, are why ethics plays such an important
ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. Most, businesses pay little attention to their social responsibilities and make it part of their overall strategy, instead they concentrate more on financial benefits from the sales of products. Consequently, managing business in a socially responsive manner contributes to the best combination of business success and societal acceptance, trust and loyalty. Giving back to the community in ways that benefits only society such as planting trees to curb pollution and help the environment or using biodegradable materials in packaging can reap financial benefits to a company by building loyalty among the community. The notion of business ethics and corporate social responsibility is becoming a defining concept in all industries worldwide. ITC believes in the Triple Bottom Line philosophy where the performance and perception of a corporation should not be judged only on the basis of its financial statements or revenues, but its environmental and social performance as well. ITC is one of the only companies in the world to be carbon positive, water positive, and conduct solid waste recycling. ITC provides water to areas where water is very
Recently, most companies realize the importance of operating ethically and reasonably regarding surrounding environments. Most companies implement new systemic implementation of ethics like ethics' committee, codes of ethics, ethics audit which review and mentor the performances of ethics programs in the organization. There are several factors influencing ethical behavior like; the person, family influences, religious values, personal standards, and personal needs (see figure 2).