Benefits of Managing Ethics in Workplace - 1141 Words

10 Benefits of Managing Ethics in the Workplace Many people are used to reading or hearing of the moral benefits of attention to business ethics. However, there are other types of benefits, as well. The following list describes various types of benefits from managing ethics in the workplace. 1. Attention to business ethics has substantially improved society. A matter of decades ago, children in our country worked 16-hour days. Workers’ limbs were torn off and disabled workers were condemned to poverty and often to starvation. Trusts controlled some markets to the extent that prices were fixed and small businesses choked out. Price fixing crippled normal market forces. Employees were terminated based on personalities. Influence was†¦show more content†¦Ethics programs help avoid criminal acts â€Å"of omission† and can lower fines. Ethics programs tend to detect ethical issues and violations early on so they can be reported or addressed. In some cases, when an organization is aware of an actual or potential violation and does not report it to the appropriate authorities, this can be considered a criminal act, e.g., in business dealings with certain government agencies, such as the Defense Department. The recent Federal Sentencing Guidelines specify major penalties for various types of major ethics violations. However, the guidelines potentially lowers fines if an organization has clearly made an effort to operate ethically. 7. Ethics programs help manage values associated with quality management, strategic planning and diversity management -- this benefit needs far more attention. Ethics programs identify preferred values and ensuring organizational behaviors are aligned with those values. This effort includes recording the values, developing policies and procedures to align behaviors with preferred values, and then training all personnel about the policies and procedures. This overall effort is very useful for several other programs in the workplace that require behaviors to be aligned withShow MoreRelatedWhat Is Right?. By Danielle Brewer. April 2017. . . . .1683 Words   |  7 Pagesinvolved in situations challenging our ethics of right and wrong. For example, the ATM spits out an extra $20.00. Do you keep it? Or do you go inside and return the money? You do not have money to obtain your own wireless connection but you can obtain a free wireless connection by accessing your next-door neighbors unloc ked account. Do you? Making ethical decisions does not stop at your personal life, â€Å"each day roughly 120 million people walk into a workplace somewhere in the United States and withinRead MoreA Generation Of The Workplace1226 Words   |  5 PagesA Generation Lost In the Workplace Denise Gelina Columbia Collegeâ€Æ' A Generation Lost In the Workplace The workplace is ever changing. 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