- Ethical business practices are :: practices that are socially responsible, morally right, honourable, and fair.
Ethical and legal issues in the workplace include:
?
- work overload
- workers compensation
- discrimination
- unethical work practices and conditions
An ethical framework must be developed:
- Code of conduct is :: a statement of acceptable and unacceptable behaviours in a business.
- Code of ethics is :: a statement of a firm’s value and principles.
The benefits of ethical and legal practices (in HRM):
?
-
Staff retention (they feel more valued)
-
Reduced Business costs (recruitment and training)
-
Significant marketing and business opportunities (best practice)
-
best practice refers to :: business practices that are regarded as the best or of the highest standard in the industry
Working conditions
Safe and fair working conditions to improve the welfare of employees.
This can be achieved through:
?
-
compliance with social justice and industrial legislation
-
providing a safe and healthy working environment,
- safe working practices and equipment,
- appropriate supervision and training in safety and health
-
creating challenging work to stimulate intrinsic rewards for staff
-
improving communication, and fostering teamwork
-
Flexible working hours,
- and offering study leave
-
Establishing a Code of practice
-
However, many businesses have developed labour practices that reduce costs and increase efficiency
- ← due to globalisation
- many businesses outsource to take advantage of relaxed labour laws
- CHINA CHILDREN SWEATSHOPS