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Ethics in workplace essay
Ethics in workplace essay
Ethics in workplace essay
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McFadden and Company strives to provide top-notch customer service, providing accurate information, while holding ourselves to a high ethical standard. In recent resumes submitted by future employees we have detected deception in the content. According to Johnson, C.E. 2007 in his article Ethics in the workplace: Tools and tactics for organizational transformation, Stakeholders can be defined as “the relationship between large businesses and society but…has been grown to extended organizations of all types.”(Johnson 2007). McFadden and Company is responsible for our stakeholder’s integrity and the quality of potential employees. This type of falsification can harm our stakeholders business and can ultimately lead to further deceitful behavior from potential employees. The term is known as resume padding and it is becoming a more frequent offense. An offense that McFadden and Company does not allow and will not support, to protect our stakeholders and our reputation. …show more content…
According to Lisa Vass in her article Lying on Your Resume: How Far to Stretch the Truth, resume padding “can be expensive: forty eight percent of business owners claim bad hires cost them more than $1,000 and 9 percent said losses exceeded $10,000” (Vass 2012). McFadden and Company also understands that this can be unproductive for our stakeholders business. Although this sort of deception may seem small in the scheme of things, it can allow an individual to lie more frequently and in more serious situations. Our company understands the importance of legitimate information, and we hold ourselves to a high ethical
Equifax not only believes in making philanthropic donations but also in Corporate Social Responsibility. They encourage their employees to share their “time, money and expertise to causes close to their heart”. Some other examples include; “microlending for small businesses and providing young students with financial education tools”. These various Corporate Social Responsibility avenues demonstrate Equifax’s commitment to their mission statement “Powering the World with Knowledge”.
This paper is an analysis of the ethical business decision matrix developed by The George S. May Company (May), a management-consulting firm. The paper will also compare how these guidelines were used by John D. Beckett (Beckett) in his company and how the author’s firm, PricewaterhouseCoopers, LLC (PwC), uses them. The guidelines are meant to be used by employees. These guidelines are specifically a measure of moral and ethical principles tied to business ethics in acceptability of right and wrong behaviour in the workplace.
In 1859 John D. Rockefeller started one of the greatest monopolies of the progressive era. The Standard Oil Company grew to dominate the oil industry and became one of the first big trust in the United States. In 1870 the Northern Pacific Railway which span from Duluth and St. Paul, Minnesota, to Seattle, Washington and Portland, Oregon.
Ciulla, J. B., Martin, C. W., & Solomon, R. C. (2007). Is "The Social Responsibility of Business... to Increase Its Profits"? Social Responsibility and Stakeholder Theory. Honest work: a business ethics reader (pp. 217-253). New York: Oxford University Press.
From reading this case, we realize the company did not apply the managing ethics competency in building its goals and structure. Managing ethics competency involves the o...
To expand complete structure of frame work for CSR, organisation must have concern its strategies as how it appears as a corporate citizen (Brook 2012, p. 495). It is important that employee, employer and stakeholders to accomplish domestic and foreign pressure. It is organisations responsibility to maintain customer and subordinates confidentiality and CSR operations. Ferguson & Williams (2015) reported that NAB violated its CSR by faking some customer’s signatures and provided false or poor financial
This paper will examine the six ethical decision making steps which are issue clarification, stakeholder analysis, values identification, issue resolution, addressing objectives, and resolution implementation and how they relate to the above issue where an employee has not given their current or potential customers accurate information when opening accounts or requesting new services from Washington Mutual. This paper will examine how each step relates to the company and the selected issue.
In today’s day and age, there is a lot of news that is related to corporate accounting fraud as companies intentionally manipulate their financial statements to show a better picture of their financial health. The objective of financial reporting is to provide financial information about a company to its various stakeholders such as investors and creditors so that these stakeholders can make decisions accordingly. Companies can show a better image of their financial well being by providing misleading information. This can be done by omitting material information from the books or deceitful appropriation of assets such as inventory theft, payroll fraud, check forgery or embezzlement. Fraudulent financial reporting will have an effect on the This includes but is not limited to; check forgery, inventory theft, cash or check theft, payroll fraud or service theft.
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
Evan, W. M., & Freeman, R. E. (1988). A stakeholder theory of the modern corporation: Kantian
Dowd (2016) runs above and beyond with the clarification to state accounting fraud incorporates the change of accounting records in regards to sales, incomes, costs and different components for a profit motive, for example, boosting organization stock prices, getting ideal financing or maintaining a strategic distance from obligation commitments. Dowd is of the feeling that covetousness, absence of straightforwardness, poor administration data and poor accounting interior controls are a couple of explanations behind accounting fraud. (Dowd,
Stakeholders are interest of an individual or groups that directly or indirectly affected by the organisation’s activities, policies and objectives (Henry Frechette, 2010). Stakeholders can be divided as internal (managers and employees) and external (shareholders, customers, and suppliers) (BPP F9). Different stakeholders may have common interests or conflict interests with company. Company board members or management must take care about stakeholders’ interest. They can’t make the decision based on their own interest or their relation with others organisation. Conflict of interest will arise when interests of organisation act in concert with managers’ personal interests or interests of another person or organisations, (Anon, no date).
Often times, many job applicants will be dishonest on their resumes to make themselves seem like the best fit for the position they are applying for. While this is not only unethical, it could end up being harmful t the company. An MIT dean, Marilee Jones, resigned from the university, due to misrepresenting her academic achievements regarding the degrees she claimed to earn. Jones had claimed on her resume that she obtained both a bachelors and masters. It was later discovered that she had not received any degrees at all.
In society, most people will work for many different reasons. Some will work based on the needs of money to survive, some require money to feed their love ones, and some just need money for their own leisure. In life, most people work just to stay busy, and even work until it’s time for them to retire. When applying for a job, the employer will ask for a résumé or a job application. When the information is given, it contains a work history which is a detailed report of all the jobs that a person has held, including company name, job title, and dates of employment. Companies typically required that applicants must provide their work history when applying for a job. A person’s work history is used by prospective employers to verify the information that a person has provided and to be contacted by pervious employers for background checks.