Importance of Ethical behaviour at the work place


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An organization, whether a business or a government agency, is first & Foremost human society. If an employer does not take steps to create a work environment where the employees have a clear, common understanding of what is right & wrong & free feel to discuss & ask questions about ethical issues & reports violations, significant problems could arise which are as follows:-

 

ü  D- Diminished reputations in the industry & community

ü  U- Increased risk of employees making Unethical decisions

ü  S- Significant legal exposure & loss of competitive advantage in market place

ü  T- Increased Tendency of employees to report violations to outside regulatory authorities because they lack on adequate internal forum.

ü  E- In the long run, Effect of this would be that it would render the company unprofitable & the company would go into liquidation.

ü  R- Inability to Recruit & Retain top people.


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