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Posts in category Business Ethics

Monitor Employees to Ensure Ethical Practices

Nov02
2011
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More and more companies are starting to monitor their employees electronically. For the past four years active employee monitoring has increased from 35 percent to 80 percent. This is according to the annual survey done by the American Management Association (AMA). Ellen Bayer, AMA’s human resources practice leader said, “Privacy in today’s workplace is largely illusory. In this era of open space cubicles, shared desk space, networked computers and teleworkers, it is hard to realistically hold onto a belief in private space.”

Reasons to Monitor Employees

The AMA listed down five reasons given by the companies as to why they have decided to monitor their employees:

  1. Legal compliance – In some regulated industries such as those that involve telemarketing, taping conversations between the employees and the consumer provide legal protection for both sides in case of conflicts or problems.
  2. Business ethics – It’s difficult to track what the employees are doing so it’s possible that they may be engaging in unethical practices without the employer knowing. Monitoring ensures that things like that don’t happen.
  3. Performance review – Employees are monitored so that their job performance may be evaluated and improved as necessary.
  4. Productivity – Many employees take advantage of access to the internet or telephone for their personal purposes. Monitoring them ensure that their productivity is not hampered due to these non-business related distractions.
  5. Security – It’s also of vital important to protect corporate information. This is a big concern since information transmission is as quick as a few clicks of the mouse because of email and internet.

The survey also found that 90 percent of the companies that monitor their employees inform them of the monitoring procedures. Most of the monitoring done is a random spot-check and not ongoing for the entire work period. Technologies have made it easier for employers to monitor their employee’s performance at the workplace.

Keep Your Integrity Intact with Business Ethics

Nov02
2011
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When you first put up your business, you told yourself that you’re going to do everything it takes to succeed. But as your business starts to grow, you realize that more than success, your love for your company has flourished. After all, you’ve worked so hard for it.

In order to make it last, apart from achieving regular success in business transactions, it’s also crucial to maintain the integrity of your company. This means that you always have to keep your head up when it comes to business ethics.

Corporate governance, which includes business ethics, transparency, compliance to law, and risk management activities, refers to that legal obligation to be a socially responsible company. It’s vital that you’re able to practice all these not only because it’s a legal obligation but also for you to maintain the credibility and integrity of your business.

As you probably know, businesses with untainted reputations are those that last the longest in the industry. Those that are smeared by unethical practices don’t take long before they come crumbling down. That’s because trust is an essential component in business operations.

People, whether suppliers, investors, partners, or clients, never like to engage in business transactions with companies that they don’t feel they can trust. If you have a tainted reputation because of your unethical practices, you can’t expect people to have their full faith in you when you’re dealing with them. They would probably take their business elsewhere where they can find the trust that they are looking for.

With this said, it’s a must for you to oversee that business ethics are practiced in the company at all times. Code of ethics should be developed to serve as a guide for everyone in the company with regards to working and making business decisions, among many others.

Principles of Business Ethics

Nov02
2011
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It’s imperative to recognize the importance of business ethics in terms of helping a company achieve success in the long run. Even a small business that upholds strong business ethics in its policies and strategies has a better chance of making it big than one that doesn’t. Here are seven principles of work ethics that should be practiced in your company

Trustworthy

You and your company should be worthy of people’s trust. Customers would always want to do business transactions with companies that they can trust and rely on. They wouldn’t want anything to do with anyone that would let them down. To be trustworthy, you need to provide assured reliance for your ability, character, strength, and honesty.

Open mind

For a company to continuously evolve and improve, the owner should always have an open mind. New ideas and concepts would be constantly flooding your door. If you dismiss those you think are out of this world, you might be driving away brilliant ideas that would have made your company even bigger than it is now.

Legal compliance

It’s imperative that you follow the law down to the smallest detail. Companies establish good reputation by showing its strong compliance to legal obligations and responsibilities.

Involvement in the community

Another crucial part of business ethics is involvement in the community. Participate in community-related activities and issues to show everyone that you are a responsible member of the community. People don’t like to deal with companies that appear to only care for their personal interests.

Respect

Always treat each other with utmost respect. Conflicts are inevitable in companies. Even though you strive to maintain harmonious relationship with everyone in the company, there would still be those people that won’t see eye to eye with you. Nevertheless, respect should never be lost whatever happens.

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