PRESENTED BY PRIYA
ETHICS
Ethics is considering something to be morally right or wrong? Ethics has much to do with moral, social, family values that someone possesses. Ethically we take care that our actions may not adversely affect others, if that s not possible we should focus on minimizing negative effect of our actions on other members of society and environment.
Business Ethics
Business ethics is referring to the moral evaluation of the goals, policies, practices, and decisions taken within business organizations as they impact on human wellbeing, fairness, justice, humanity, and decency. Here, the term ethics is synonymous with morality which is equal in general terms. THE BUSINESS SHOULD NOT LOOSE ITS SOUL WHILE DOING BUSINESS.
Contd..
Every business has its own ethics, a specific
ethics that draws on general moral principles but refines and develops these in the light of its own particular goals, requirements, institutions, and objectives. Ethics are important not only in business but in all aspects of life because it is an essential part of the foundation on which of a civilized society is build. A business or society that lacks ethical principles is bound to fail sooner or later.
business
malpractices Improve consumer confidence. Survival of business. Protecting employees, stakeholders. Developing good relation between business & society.
of business. Smooth functioning of business. Consumer movement. Consumer satisfaction Healthy competition.
organization? What form of social contract would allow all our members to develop their full potential in order that they may each make their greatest contribution to the good of the whole? To what extent are there real opportunities for all employees to learn and to develop their talents and potential? To what extent do all employees participate in the decisions that affect their own work? To what extent do all employees participate in the financial gain resulting from their own ideas and efforts?
to a Japanese bank for $ 1.5 billion. They continued to manage the company and reinvested 50 million in company. They distributed $ 10 million among their 523 employees, along with sharing 10% of the company s profits with employees every year. They told in an interview that money is really not important for them, what they care all about is human beings. They also refused to take $ 333 million due after some years, because in that year company was not in profits and they let bank to give it in comparison to company profits in installments.
ETHICS IN HRM
Ethics in HRM is adapting ethical practices in each and every step of the Human resource management. It means that right from recruitment, selection, salary & wages, fringe benefits, separation etc, at every step ethical practices must be adopted.
Individual factors Organizational factors The boss s influence Ethics policies and codes The organization s culture Unethical business environments can: De-motivate individuals Make good employees leave the company Attract unethical employees Lead to the lack of trust by the employees for the company
market recession reducing the number of jobs in the market. Recruitment of unethical, tainted people, who would be ready to carry out the leaders nefarious acts with impunity. Recruitment of less acceptable men, when there are better suited women for the job. Employing children, when it is officially banned by the government. Giving less than minimum wages fixed by the government.
deserve it or not. Getting outsiders to train when there are several inside persons qualified and ready and available to impart the training. Planning training programmes without assessing the training needs of the employees. Organizing programmes during peak seasons, which would upset the work rhythm needed for achieving the firms goals. Getting high profile outsider trainers , in the hope that they will in turn call the training manager to their organizations for imparting training there.
manner, because of leaders pressure for showing the task as completed in the firms annual report. Extending the training programmes to allow the trainees to have a relaxed time, despite the fact that their work would be suffering. Supplying outmoded and old training materials rendering the training in-effective. Experimenting with the trainees by asking them to set their own time-table for training.
easily possible in large firms). Playing with employees records by placing adverse remarks in some files, while not in others. Allowing absenteeism to select few employees on personal considerations. Giving promotion letters to the favorite employee before giving to the others and thus making him senior than them (more useful in public sector or government firms, where even a days seniority matters). Office supply purchase is done by administration and the manager can find a favorite supplier on grounds of personal favors.
CONCLUSION
In the end we can conclude that ethical practices in human resource management is very much important, it attracts more & more talented applicants towards company. Moreover it creates a good image of the company in minds of consumers and other members of the society. Companies like TATA are at top of ethical table in INDIA.