Business Ethics

Every Business has some Ethics in its roots , on the basis of which ,its path ahead is defined . It becomes the responsibility of HR to make sure that ethics thus created are made known to its people , are followed and also are implemented .Ethics consists of moral principles governing the right and wrongs of human conduct ;its about the principles of right & wrong accepted by individuals or social group . They are the principles and standards that define acceptable conduct in business whih eventually should underpin decision making .

Normally companies get a COC (Code of Conduct )signed by their employees and donot place a seperate business policy .It becomes the duty of HR to place a seperate Business Ethics Policy in the company if it doesnot exist .It should be made ,mandatory for every employee to sign and adhere to it .It helps to create a healthy and ethical environment in the Organisations .

The following points may be kept in mind while framing the policy ::

1) The policy shoudl clearly define what employees shud do and dont .
2) There should not be any clause which provides a chance to escape .
3) Outside Business interests shud require the prior approval of the company .
4) Any kind of Bribe , gift is strictly prohibited .
5) Employees must not make any cash payments to its customers .
6) No payments shud be made to secure preferential action .
7) There should be a proper legal action laid in policy or panel decided to take action , if any breach of action occurs .

HR should take responsibility that managers ensure that employees reporting to them are fully informed of te Business Ethics Policy and the supporting Practices are adopted for their unit .

Thus , Industry needs to unite together and come towards forming strong Business Ethics Policies and take it seriously .This will enable peace and harmony @ the work place .