4 Aug 2022

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The Ethical Responsibilities of Companies

Format: APA

Academic level: Master’s

Paper type: Coursework

Words: 571

Pages: 2

Downloads: 0

Introduction 

Employers play a significant role in promoting ethical behavior in their place of work. Considering that ethics is now part of the law, which outlines ways on how business policies will be structured, most reputable firms refrain from this situation. Employers should enlighten the staff on ethics at individual levels and as workers. According to Byars and Stanberry (2018), ethics is portrayed as sciences of conduct that seek to differentiate between what is right or wrong in daily business operations. When an organization fails to uphold ethical behaviors in its activities, it can lead to low credibility by the public as well as face costly legal battles by the government. As much as there is heighten advocacy for ethics in business, it's crucial to understand different cultures of societies to understand what best fits them. Since an organization's primary goals are to act based on the interest of its customers with the solemn objective of satisfaction, then the ethical structure should reflect on their customs. 

The advocacy of labor rights, minimum wage, and unionization in developing countries 

Advocating for labor rights in developing countries is as essential as fostering for suitable economic development. However, it's vital to understand the existing policies, regulations, and structures that govern these countries. Ideally, the reasons being that the prevalent working conditions that did not suit other developed countries work best in these countries. As an ethics expert, I believe that advocacy for labor rights in developing countries should only be fostered within the stipulated law of that country. On the aspect of the minimum wage, support is only allowed if it primarily seeks to raise wages. However, I believe that the company's stakeholders have less to contribute when it comes to matters of the minimum wage. Unionization primarily focuses on protecting employees from exploitation from employers. It ensures that an employer provides better working conditions, remuneration, and associated benefits. In this case, other countries can advocate for unionization in other nations where they have operations. What the companies will be supporting is for the well-being of their workers. The only right that a western contractor can insist on its foreign worker is that, which is in line with the country's labor laws and human law. However, if the right does not in any way interfere or contradicts the policies of a country, then it is acceptable. 

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The ethical responsibilities for companies that rely on overseas labor 

One of the vital ethical responsibility to be considered in this case is that all its employees are treated equally. Ghauri et al. (2020), stated that all employees should be provided with equal remuneration depending on their job specifications, work arrangement, and working hours. The organization should ensure that they provide a place to stay, given that it's a new environment. Generally, the organization should facilitate their stay by guaranteeing the elimination of all possible barriers. 

The adoption of universal workplace standards on working conditions and employee protection 

Businesses globally should adopt a universal workplace standard primarily on work conditions and employees' protection. As ethical experts, I believe that there are minimal differences when it comes to these policies globally. For instance, most organizations strive to provide conducive working conditions such as safety, which protects employees from work accidents. Besides, these factors are essential for all employees since they are one of the vital elements most job seekers look for before applying for a position. Adapting a universal workplace will also reduce the number of exploitation for those seeking overseas jobs. Pereira et al. (2020) assert that global standards will also protect developing countries that are yet to implement laws that govern their workers. 

References 

Byars, S., & Stanberry, K. (2018). Impact of culture and time on business ethics, chapter 5. Business Ethics. Rice University, OpenStax. Retrieved 17 th April 2020 from https://openstax.org/books/business-ethics/pages/1-introduction 

Pereira, R., Bhat, V., & Hans, V. (2020). Business Ethics and Corporate Social Responsibility Reciprocity–A Study of Selected Companies.  Business Ethics and Corporate Social Responsibility Reciprocity–A Study of Selected Companies

Ghauri, P., Grønhaug, K., & Strange, R. (2020).  Research methods in business studies . Cambridge University Press. 

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StudyBounty. (2023, September 15). The Ethical Responsibilities of Companies.
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