ETHICS IN HR:
Ethics in HR refer to treatment of employees with equal justice this include business goals as employees will feel motivated and they will do there work in perfect manner.
WHY BEING ETHICAL IS IMPORTANT?
Ethical behavior and corporate social responsibility can bring significant benefits to a business.For example;
1.Attract customers to the firm'products,which means boosting sales and profits
2.Make emlpoyee want to stay with the business,reduce labour turnover and therefore increase productivity.
WHAT IS UNETHICAL IN BUSINESS?
Unethical behavior is an action that falls outside of what is considered morally right or proper for a person,a profession or an industry .Individuals can behave unethically as can businesses,professionals and politicians.
ETHICAL ISSUE IN HR:
Of all the organisational issues or problems ,ethical issues are the most difficult ones to handle or deal with.Issues arise in employment,remuneration and benefits,industrial relation and health and saftey.
1.Employees responsibility
2.Cash and appraisal
3.Safety and disability
4.Employment issues
5.Race and disability
6.Privacy issues
UNETHICAL ISSUES IN HR:
1.Exploiting cheap labours market
2.Using child labours
3.Longer working hours
4.Not providing the proper environment
5.Biased opportunities in promotion
6.Abusing or lying about sick days.
ROLES OF HR IN PROMOTING ETHICS:
1.Improve recruitment policy that is identification of the recruitment needs
2.Improve recruitment and selection policy
3.Selection must planned manner
4.Avoid illegal questions.
ETHICS IN FINANCES:
Ethical in general is concerned with human behavior that is acceptable or "right" and that is not acceptable or "wrong" based on conventional morality.General ethical norms encompass truthfulness,honesty integrity and justices. Financial ethics is therefore, a subset of general ethics.
ETHICAL ISSUES IN FINANCES:
1.Saving and credits banks.
2.Investment banks.
3.Financial companies and fund managers
4.Conflicts of intersect
5.Insurance companies
6.Managing people
7.Legal liability
UNETHICAL ISSUES IN FINANCES:
1.Eliminate the carried interest tax provisions.
2.Effectively cap tax deductibility of excessive executive compensation
3.Raise the holding period for gains considered long term.
4.Eliminate unlimited retirement contribution for the wealthy only.
5.Cheating employees of their dues towards medical expenses,leave travel assistance children education fees.
ETHICS IN MARKETING
Ethics in marketing are applied in different areas like product pricing, packaging, placing, marketing and advertising. Basically, ethics are the principles which helps the organisation to run smoothly, when an organisation makes profit or behave ethically with the employees and customers it creates a positive impression towards an organisation and also, on there products and services.
ETHICAL ISSUES IN MARKETING
Issues arises when a problem or situation needs an ethical conclusion.
Issues arises when the customers are cheated or manipulated by the company.
It is important for marketers to resolve the problems ethically before it will cost a long-term or serious damage to the reputation of a company, it may be wrong or right.
Predatory pricing is when the price of the products or services are reduced in order to eliminate the competitors out of the market.
Business should be accountable for the product or service that they have made for the people.
UNETHICAL ISSUES IN MARKETING
Pricing lack of clarity in pricing
Dumping
Price fixing cartels
Bait and switch selling.
High pressure selling.
Deceptive advertising.
Counterfeit goods and brand.piracy.
Ethics in HR refer to treatment of employees with equal justice this include business goals as employees will feel motivated and they will do there work in perfect manner.
WHY BEING ETHICAL IS IMPORTANT?
Ethical behavior and corporate social responsibility can bring significant benefits to a business.For example;
1.Attract customers to the firm'products,which means boosting sales and profits
2.Make emlpoyee want to stay with the business,reduce labour turnover and therefore increase productivity.
WHAT IS UNETHICAL IN BUSINESS?
Unethical behavior is an action that falls outside of what is considered morally right or proper for a person,a profession or an industry .Individuals can behave unethically as can businesses,professionals and politicians.
ETHICAL ISSUE IN HR:
Of all the organisational issues or problems ,ethical issues are the most difficult ones to handle or deal with.Issues arise in employment,remuneration and benefits,industrial relation and health and saftey.
1.Employees responsibility
2.Cash and appraisal
3.Safety and disability
4.Employment issues
5.Race and disability
6.Privacy issues
UNETHICAL ISSUES IN HR:
1.Exploiting cheap labours market
2.Using child labours
3.Longer working hours
4.Not providing the proper environment
5.Biased opportunities in promotion
6.Abusing or lying about sick days.
ROLES OF HR IN PROMOTING ETHICS:
1.Improve recruitment policy that is identification of the recruitment needs
2.Improve recruitment and selection policy
3.Selection must planned manner
4.Avoid illegal questions.
ETHICS IN FINANCES:
Ethical in general is concerned with human behavior that is acceptable or "right" and that is not acceptable or "wrong" based on conventional morality.General ethical norms encompass truthfulness,honesty integrity and justices. Financial ethics is therefore, a subset of general ethics.
ETHICAL ISSUES IN FINANCES:
1.Saving and credits banks.
2.Investment banks.
3.Financial companies and fund managers
4.Conflicts of intersect
5.Insurance companies
6.Managing people
7.Legal liability
UNETHICAL ISSUES IN FINANCES:
1.Eliminate the carried interest tax provisions.
2.Effectively cap tax deductibility of excessive executive compensation
3.Raise the holding period for gains considered long term.
4.Eliminate unlimited retirement contribution for the wealthy only.
5.Cheating employees of their dues towards medical expenses,leave travel assistance children education fees.
ETHICS IN MARKETING
Ethics in marketing are applied in different areas like product pricing, packaging, placing, marketing and advertising. Basically, ethics are the principles which helps the organisation to run smoothly, when an organisation makes profit or behave ethically with the employees and customers it creates a positive impression towards an organisation and also, on there products and services.
ETHICAL ISSUES IN MARKETING
Issues arises when a problem or situation needs an ethical conclusion.
Issues arises when the customers are cheated or manipulated by the company.
It is important for marketers to resolve the problems ethically before it will cost a long-term or serious damage to the reputation of a company, it may be wrong or right.
Predatory pricing is when the price of the products or services are reduced in order to eliminate the competitors out of the market.
Business should be accountable for the product or service that they have made for the people.
UNETHICAL ISSUES IN MARKETING
Pricing lack of clarity in pricing
Dumping
Price fixing cartels
Bait and switch selling.
High pressure selling.
Deceptive advertising.
Counterfeit goods and brand.piracy.
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