Ethical Issues in Business IP Week 5 Essay Example | Topics and Well Written Essays - 1000 words

Ethical Issues in Business IP Week 5 - Essay Example Another vital aspect of ethics in business is ensuring safety in the workplace. Based on the fact that employees are major resources in any company, employers should take initiatives to safeguard them from high temperatures, poor ventilation, fire and poor lighting. In this way, illnesses that may increase the rate of absenteeism will be significantly reduced. Introduction As businesses engage each other in a stiff competition, some employers have taken initiatives to enhance the payments of their employees and senior managers as a way of retaining them and improving their productivity. However, some managers have little or no concern of the welfare of their employees thus rising the question of how much are investors willing to emulate ethics in the work places. One of the major ethical concerns is the amount of compensation and benefits provided to their employees and their immediate family members. In the same way, safety in the work places is a key issue that employers should not overlook. In this regard, I have chosen the topic of ethics in compensation of the employees and safety in the work places as a way of ensuring that employees are fairly treated in the work places. Similarly, my target audience is the employers and the investors who are focused at increasing their profits at the expense of their employees. ... Wages and benefits To ensure that employees remain loyal towards their companies, employers have major role to play of ensuring that salaries and benefits paid to their workers are sustainable and motivating. One of major issue that creates poor relationship between the employees and the employers is the high compensation paid to the executives while other employees are not taken into consideration. Majority of employers have various options about the amount of compensation and wages that is paid to their employees. For example, some companies believe that the mandated minimum salaries by the federal government are sufficient to maintain their employees (Robbins & Judge, 2007). In the same way, some employers believe they are at liberty to pay anything to the workers and as such employees should take any job regardless of the wages they receive. Investors should ensure ethics are upheld in their companies by providing flexible benefits. Some of the major benefits that a firm should g ive their employees include health insurance, paid vacations, training, paid sick leaves as well as retirement benefits among others. Additionally, employers should ensure flexible working hours to ensure that their employees address private matters that may affects the concentration of the workers thus reducing their productivity (Resnik, 2009). To develop professional abilities of their employees and make them focused on achieving their goals as well as those of the entire company, managers should apply advancement programs. Such programs should be undertaken during annual leaves or in the evenings after work. To ensure adequate compensation and flexible