Business ethics is he behavior that a business adheres to in its daily dealings with the world. The ethics Of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer (Velasquez, 2010). In order to create and conserve an ethical environment in any company, there are many practices that can motives to encourage employees to focus on the ethical part of the company’s environment.
One of the important practices is, a code of ethics or also called a code of conduct or ethical code sets out the company’s values, ethics, objective and responsibilities. A well-written code of ethics should also give guidance to employees on how to deal with certain ethical situations. Every code of ethics is different and should reflect the company’s ethos, values and business style. Moreover, it helps in preventing any unethical behavior from happening where it works like a safety shield to the company and that’s why I chose this practice.
Implementing a code of conduct in the workplace involves communicating the policies and guidelines to all staff and providing any necessary training to ensure they understand the code. The code should be practiced and promoted by management to lead the way for staff. Company’s can implement the code of conduct by introduction training, which is a chance for employers to review and understand expectations and requirements through manual training mission statement and safety information.
Furthermore, companies can also implement the code of conduct by setting punishments for every violation to the code. In this case, the level of punishment will depend on the level of violation, where it can be money compensation, expulsion or even jail. By setting punishments, employees will try not to take chances in violating the rules and will fear such a behavior. With this technique, companies will have a decrease in their employee’s unethical behaviors. There are many expected impacts regarding the practice of code of conducts on the company.
When the company is working on a strong code of ethics, they will gain a good reputation among the public where the employees would gain excellent characteristics such as responsibility, honesty and trustworthiness that would appeal customers to the company where it might increase the company profit. Moreover, having he employees following the code of conduct will decrease the amount of unethical behaviors such as black mailing, stealing and abusing because of their fear of the consequences (Maggots, 2013).
Another important practice that promotes strong ethical foundation in a company is building a rewarding policy for ethical behaviors of employees. I chose this practice because it can motivates the employees to maintain and raise their ethical standards and act upon it. This practice could be implemented by a lot of successful ways such as catching employees doing something “right” and reward ethical behavior. For example, you might implement a system in which people can submit anonymous tips telling about employees behaving in a particularly honest way.
Show gratitude when someone blows the whistle on a practice that could potentially hurt customers or stakeholders. Incorporate ethical standards into employee performance reviews. Encouraging ethical behavior is always easier than confronting unethical behavior. Moreover, provide rewards for solid ethical behavior; for example, if you have an employee that goes above and beyond to put her personal interests aside to always do what s best for her clients, that is considered ethical behavior and her/she should be rewarded and held up as an example for others to strive to do the same.
The more you reward employees for sound ethical decisions, the more likely the masses will follow suit. Rewards can be bonuses, allowances, job promotion or even day off. By applying this policy, I would expect the employees working in a more ethical way because gaining rewards increases the satisfaction of the employees. Moreover, it motivates the employees to work more and do better to reach the best quality of work in the best ethical ay. This practice will create an ethical competition among the employees that will lead to an ethical foundation that would be actively presented in the company (Wile, 2013).