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4 Reasons Why Ethical Problems Occur in Business

From [perhaps] more complicated and expensive means to environmental awareness: the use of renewable energies. Namely solar energy. Installing solar panels at your place of business reduces the amount of electricity you get from the utility and can save you more than 80% of your electricity bill. How does reducing electricity consumption affect the environment? Consider this example from Fast Company: Almost every company now has a business ethics program. This is partly because technology and digital communications have made it easier to identify ethical missteps and publish them. To avoid negative effects, companies are devoting more resources to business ethics. In a survey of accountants, for example, 55 percent said they believed the importance of business ethics would continue to grow over the next three years. In addition to establishing formal programs, companies create ethical workplaces by hiring the right talent. “High integrity and honesty” is the second most important skill for managers, according to a recent survey. Today`s business people need to understand the connection between business ethics and business success. There are many ways your business can approach environmental responsibility, some of which can be a bit expensive and others you can start implementing today. Either way, you want to create an environmental management system: nepotism is when a company hires someone as a family member. Favoritism occurs when a manager treats an employee better than other employees for personal reasons.

Every company needs to be aware of the anti-discrimination laws and regulations that exist to protect employees from unfair treatment. The U.S. Equal Employment Opportunity Commission (EEOC) sets out many types of discrimination and harassment laws that can affect your business, including but not limited to: When it comes to employee etiquette on social media, the bottom line for most companies is that the employee can rightfully be fired if the activity is deemed unfair or financially harmful to the business. Of course, neither you nor your employees would want to get to this point – so what can you do to minimize employee “bad” behavior on social media? Fill out the form on this page to download our online MBA program guide and learn how the University of Redlands can help you become a qualified and ethical leader. Similarly, contractors must be able to respect, not punish, employees who are considered whistleblowers to regulators or on social media. This means that employees should be encouraged and cannot be punished if they raise awareness of online workplace violations. For example, a Yelp employee published an article on the blog site Medium describing the terrible working conditions she experienced at the online review company. She was later fired for violating Yelp`s Code of Conduct. The ambiguity of their case and whether their contribution was justified or whether their malicious and unfair behavior shows how important it is to implement clear social media policies within an organization. To avoid this risk of ambiguity, a company must determine which online behavior constitutes a violation of the law. As an employer, make sure that all monitoring and usage restrictions are clearly stated in all your employment contracts. Foster open chat on messaging in the workplace and monitor browsing history.

If you don`t, you risk being charged with unethical access, which can lead to lawsuits and financial loss. Employees should always read their contracts carefully to see what kind of monitoring the organization is doing. For example, some companies monitor all employee behavior on devices such as phones and laptops. To prevent data breaches, your IT staff or specialists must be able to implement a cybersecurity plan. For example, if you store personal data, keep an eye on access to make sure sensitive data doesn`t fall into the wrong hands.