Business Ethics and Corporate Policies

Corporate policies

  • TechFite Company has to be guided by integrity and transparency when handling all financial operations and transactions.
  • The HR department needs to equally involve all the employees in the decision-making process in its organizational segments in the U.S.
  • Employees’ benefits will be created depending on workload and the work schedule time. Overtime benefits will be calculated based on the number of hours that one works (Scott Web).

1. Rationale behind the policies

The policies will be instrumental in enhancing TechFite operational efficiency in the U.S. Integrity and transparency, for instance, as a part of the policies will make it easy for the organization to embrace equality when it comes to allocation of benefits. Involvement of employees in the decision-making process will make them feel a part appreciated and this will in return to an enhancement in their productivity (Shaw 43). Finally, by calculating employee benefits based on the number of hours and workloads, it will eliminate the constraining of the amounts of funding available to the full-time employees. Implementation of the policies will be vital in enhancing employee performance, thus increasing the company’s productivity.

 

2. Ethical and legal issues

Ethical issues refer to the problems that require individuals or organizations to choose between what is right and wrong. Legal issues, on the other hand, refer to matters that require legal expertise and they are usually guided by law.

3.  Ethical issues at stake

In as much as TechFite is known for its collaborative organizational structure, ethical issues in the form of financial obstacles are evident. The excessive bonuses are paid to the top executives, and this implies that the junior employees get limited benefits. Poor pay and low benefits contribute to a reduction in employee motivation (Ybema 76). Another ethical issue that it currently faces is its failure to comply with the commitment that it made to the city officials on its involvement in corporate social responsibility.

4. Purpose of the ethics offer

One of the factors that contribute to the success of an organization is its ability to comply to set ethics and regulations. In this case, the ethics would have played a key role in enhancing TechFite employee productivity. As for the commitment to the community, it would have been instrumental in strengthening the company’s brand and increasing its consumer base.

Corporate Social Responsibility

Corporate Social Responsibility refers to business strategies that create a sustainable environment with the aim of improving the performance of an organization and meet the needs of its stakeholders (Gaonkar and Vishal 84). The leadership of the TechFite recognizes the essence of community involvement and this they believe is central to their corporate culture.

1. Ethical desirability aimed at improving organization’s reputation

Communal involvement is essential to the growth of TechFite reputation. The organization is actively involved in most of those communities where it has its operational base. In one of the company’s presentation to the Dellberg County Council, the company made commitments to support the community youth leadership programs and at the same time sponsor various communal events. However, the CSR has not been realized by the organization. The organization also promised to utilize environmentally responsible techniques in rebuilding the city of Dellberg. Such commitments, if attained, would have been instrumental in the firm’s growth.

2. Course of action to address the company’s issues

In the quest of investing in infrastructure to rebuild the city, the company will have to set aside funds to ensure that the project is completed. As for the youth program, it will be necessary for the company to come up with a team that will move from one community to the other empowering the youth. Finally, when drafting its periodical budget, the company will set aside funds that will be used in sponsoring various community events.

3. Environmental, social and ethical responsibility of the course of action

The decision by the organization to set aside funds for youth empowerment programs and rebuilding of the city using environmentally responsible techniques is both environmentally and ethically responsible (Godwyn 65). Campaign awareness programs, as a course of action, is considered socially responsible and it will help in boosting the connection between the community and the company.

Part 2

1. Rights and responsibility of employees

  • All employees, in this case, are entitled to equal opportunities
  • Every member of staff has to ensure that he or she attends the ethics training programs
  • Upon the training, it will be vital for all the workers to abide by the set ethics and those going against the regulations will be liable to punishments (Page Web).

2. Ethical responsibilities of the employer

  • The employer is required to ensure that employees are given an environment where they can meet their full potential regarding task handling.
  • It is the responsibility of the employer to set ethical codes that are aligned to organizational goals and objectives.

3. Ethical business standard

After undergoing the ethical training program, an employee may find himself in a situation where an executive officer asks him to manipulate financial figures with the aim of portraying to the public that the company is enjoying sustainability (Hutto 17). In such a case, the employee may be caught in an ethical dilemma where he is torn between sticking to the ethical code and serving the interests of his master.

4. Evaluation of the ethical dilemma

According to utilitarianism, the best action is one that maximizes utility (Thomas 17). In this case, based on theory, it may be vital for the employee not to doctor the accounting figures but conserve his professional integrity. As for relativism, all points of view are considered equally valid and that there is no absolute truth (McClendon 43). Apparently, this implies that the employee can decide to go against the set ethics and manipulate the financial figures for the sake of the organization’s market performance and public reputation.

5. Common ethical decisions that reflect corporate ethics

Inclusivity and diversity at the workplace fall under corporate ethics. Departmental managers, in an organizational setup, come up with critical decisions that promote a collaborative working environment and one that is free from gender, religious and racial discrimination. However, employees may still be subjected to racial or gender discrimination issues. Such workers may decide to inform the senior managers at the organization about the matter but place them in an ethical dilemma (Boylan 83).

In a corporate setting, employees are also faced with issues of inequality regarding recognitions and awards. Some senior managers, rather than making promotions based on performance, use friendship and favors as recognition tools. In such organizations, job satisfaction levels are usually very low due to lack of motivation. However, some employees, guided by their moral values, push the matter to the board of directors, who handle it appropriately.

6. Justification of ethical dilemmas

In the first case, an organization that lacks diversity at the workplace usually finds itself with hostile working environment for its workers. An employee, for instance, may be subjected to racial discrimination from the colleagues. His ethical decision to present the issue to the senior managers may end up being an ethical dilemma (Boylan 78). They may argue that the victim is trying to drag the company’s reputation to the floor by claiming that the company encourages racial disparity. He may also end up losing his job at the firm.

As for the second case, the ethical decision by the employee to take the matter to the board of directors is an ethical dilemma because the relationship that he or she enjoys with the other employees, as well as the departmental manager, may end up getting damaged. The individual may, however, argue that the decision he or she made was aimed at incorporating equality at the workplace.

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