December 10, by Laran Joseph Ethics are, at their essence, moral judgements about what is right and what is wrong.
The use of ethical standards can both reduce the chances of a workplace lawsuit and help to create a positive work environment. Before establishing your corporate ethical policies, you need to understand both the advantages and disadvantages of ethical compliance in an organization.
For example, a zero tolerance corporate policy for sexual harassment is in response to the many laws that govern this kind of workplace activity. Ethical compliance helps companies to develop a work culture that abides by the workplace laws and reduces the costs associated with fines and lawsuits.
Better Workplace Culture A policy of ethical compliance helps to create a workplace culture where all employees are treated with respect. Employees are given equal access to advancement opportunities and the workplace becomes a positive and nurturing environment.
A strong ethical standard in the workplace helps to create strong working relationships between the staff and management. It reduces employee turnover, improves morale and has a positive effect on productivity.
Lack of Management Support One of the disadvantages of an ethical compliance program is that it requires the comprehensive support of management to be effective.
If members of the management team decide to apply their own version of corporate ethics to the way they manage their departments, then this clash of principles can cause confusion in the workplace.
For example, a manager who tends to look the other way when his employees are committing sexual harassment sets a precedent that can start to undermine the entire corporate culture.
Cost Developing, implementing and maintaining an ethics compliance program within your organization can be expensive and time-consuming. Ethics policies need to be continually updated to reflect changes in workplace laws and changes in your company culture as the organization grows.
Proper administration of an ethics program often requires the hiring of an ethics officer and the commitment of company financial and personnel resources.Why Ethical Responsibilities Go Beyond Legal Compliance Essay. A+. Pages:3 Words This is just a sample.
We will write a custom essay sample on Why Ethical Responsibilities Go Beyond Legal Compliance specifically for you for We will write a custom essay sample on Why Ethical Responsibilities Go Beyond Legal Compliance specifically. Essay question on morals, legal, integrity, and ethics morals: a person's standards of behavior or beliefs concerning what is and is not acceptable for them to do.
Jun 29, · Ethical compliance within an organization is done for the benefit of the company and the employees. The use of ethical standards can both reduce the chances of . Many companies strive to go beyond legal requirements. Businesses that take care to ensure workers are safe, treated with dignity and respect, and offered reasonable work hours and wages are considered to be ethically responsible. Business ethics Regulation Self-regulation Corporate social responsibility Stakeholder theory Corporate citizenship Beyond-compliance obligations Market failure This is a preview of subscription content, log in to check access.
legal: you do it because it is the law. Dec 10, · For a quick minute introduction to Business Ethics for everyone, try this short course in Business Ethics and Code of Conduct.
The Importance of Business Ethics to a Company: Working as an ethical business has many benefits, not least of which is the ability to attract and keep investors, employees and metin2sell.com: Laran Joseph. About the Author.
David Sarokin is a well-known Internet specialist with publications in a wide variety of business topics. He is the author of Missed Information (MIT Press, ), detailing how.
The cynical might say that good ethics and good business rarely go hand-in-hand, with profitability being the sole concern of most companies. While money is the lifeblood of business, that doesn't. Many companies strive to go beyond legal requirements.
Businesses that take care to ensure workers are safe, treated with dignity and respect, and offered reasonable work hours and wages are considered to be ethically responsible.