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    The Importance of Ethics Policies, Training & Reporting Programs

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    vikram
    This document discusses the importance of ethics policies, training, and reporting programs in the workplace. It argues that ethics starts at the top with company owners and executives, and that ethical policies help guide employee behavior and create a culture of trust. The benefits of ethics programs include building a good reputation, cultivating teamwork, and increasing customer and employee satisfaction. The document also provides tips for effective ethics training, such as using real-world scenarios and ensuring confidential reporting procedures.

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    The Importance of Ethics Policies, Training & Reporting Programs

    Uploaded by

    vikram
    188 views12 pages
    This document discusses the importance of ethics policies, training, and reporting programs in the workplace. It argues that ethics starts at the top with company owners and executives, and that ethical policies help guide employee behavior and create a culture of trust. The benefits of ethics programs include building a good reputation, cultivating teamwork, and increasing customer and employee satisfaction. The document also provides tips for effective ethics training, such as using real-world scenarios and ensuring confidential reporting procedures.

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    This document discusses the importance of ethics policies, training, and reporting programs in the workplace. It argues that ethics starts at the top with company owners and executives, and that ethical policies help guide employee behavior and create a culture of trust. The benefits of ethics programs include building a good reputation, cultivating teamwork, and increasing customer and employee satisfaction. The document also provides tips for effective ethics training, such as using real-world scenarios and ensuring confidential reporting procedures.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    188 views12 pages

    The Importance of Ethics Policies, Training & Reporting Programs

    Uploaded by

    vikram
    This document discusses the importance of ethics policies, training, and reporting programs in the workplace. It argues that ethics starts at the top with company owners and executives, and that ethical policies help guide employee behavior and create a culture of trust. The benefits of ethics programs include building a good reputation, cultivating teamwork, and increasing customer and employee satisfaction. The document also provides tips for effective ethics training, such as using real-world scenarios and ensuring confidential reporting procedures.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 12

    The Importance of Ethics Policies,

    Training & Reporting Programs in the


    Workplace.
    Group 5
    Group members
    • Vikram B M 18BCE10291
    • Hritik Ranjan 18bce10117 • Rahul K N 18BCE10206
    • Mounish 18BCE10187
    • Vipul Deora 18BCE10296
    • Hrijul Bhatnagar 18BCE10115
    • Nikhil Murugesan 18BCE10173 • Vansh Jindal 18BCE10286
    • Aksshay P 18BCE10028 • Ratnaksh Sharma 18BCE10214

    • Thodupunoori Mahesh 18bce10280


    Introduction
    • Ethics starts at the top, with small and big companies. If owners and
    executives are not perceived as trustworthy and are low in morals,
    employees will follow suit and will lack ethics too. Any ethics policy
    should include owners and executives, or it will be useless. If employees
    see owners skirting the law and lying to save a few dollars, they will
    perceive that as appropriate behavior. Business ethics involves everyone
    in a company and is an worthwhile endeavor. If a customer is scammed
    once, he will not go back to that firm. Without ethics, a business is not
    likely to survive long.
    Significance

    • The main goal of developing ethical policies is to build a good reputation.


    People prefer to do business with reputable firms, not those that conduct
    themselves dishonestly, taking advantage of them. A good reputation is a
    business's best asset and should be protected. No investor or customer
    wants to deal with a firm that is plagued by scandals. It's hard, if not
    impossible, to regain trust and reputation once that is lost. Ethical policies
    help in keeping all employees and owners of a company in-line.
    Code of Ethics
    • A company's code of ethics gives employees guidance on business matters,
    including those of the board of directors and executive officers. Dow Jones
    own code of ethics states, "The central premise of this code is that Dow Jones'
    reputation for quality products and services, for business integrity, and for the
    independence and integrity of our publications, services and products is the
    heart and soul of our enterprise. Put another way, it is an essential prerequisite
    for success in the news and information business that our customers believe us
    to be telling them the truth. If we are not telling them the truth—or even if they,
    for any valid reason, believe that we are not—then Dow Jones cannot prosper. "
    Benefits
    • Policies on ethical behavior help run a business by giving employees
    concrete ideas about what is right and what is not accepted in the
    workplace, without the need for constant management presence to
    supervise them. Ethical policies are guidelines for all employees of a
    company to do the right thing and behave at high standards at all times.
    Good ethical policies create a good culture based on trust and
    transparency. They promote moral conduct, and they benefit customers as
    well, as happy employees develop happy customers who keep coming
    back.
    The importance of ethics training programs

    • Ethics trainings are essential to preserving a positive business culture and


    responsive to any ethical dilemmas that could arise. Communicating
    ethical business behavior and implementing that behavior into the
    workplace is an important business strategy that can only improve a
    business. By having these programs in place and updating them when
    necessary, companies will flourish and grow into a thriving and respected
    business for years to come.
    Benefits of an Ethical Workplace:
    • • Gives employees a foundation during times of change. In today’s business environment where change is
    constant and senior management can be a revolving door, attention to business ethics makes people
    consciously decide how they want to/should behave.

    • • Cultivates teamwork and productivity. Ongoing discussions about business ethics builds trust, openness
    and, community—important ingredients of effective teams in the workplace.

    • • Creates greater consistency in standards and quality of products and services offered by the organization.
    There will likely be more satisfied customers when they know they can have confidence in the quality of
    the product/service and how it is offered/delivered. And employee satisfaction will be higher, thus reducing
    turnover, lawsuits, etc.
    The Importance of Ethics in Organizations

    • Builds a Positive Corporate Culture


    • Boosts Consumer Confidence
    • Reduces Financial Liabilities
    • Minimizes Potential Lawsuits
    Ethics Training Tips:
    • Know that a strong ethics training program can protect your company's reputation and enhance
    profits. Employees need to understand what's expected of them.
    • Include ethical issues in employee orientation and ongoing ethics training.
    • Use real-world scenarios/case studies so that employees are clear about what constitutes acceptable
    business practices (and what doesn’t).
    • Ensure every employee knows how to react if he or she is faced with a potential violation of the
    code or a decision involving an ethical dilemma.
    • If employees can’t be certain of confidentiality when reporting a violation or potential violation,
    they will be less likely to bring attention to any violations and the company culture will remain
    unchanged.
    Conclusion
    • We need to look beyond ethics codes as a risk-prevention device. We need
    to embrace ethics programs as a way to enhance the reputation of the
    business. This will contribute to long-term success and be of value to
    every stakeholder. It is a badge of honor and, by staying on the offensive,
    you will not be an attractive target for business critics.
    THANK YOU

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