Unethical but still practiced in HR activities…..

By KRISHNA SHAH
Posted on:-27/02/2019

Hiring an unsuspecting employee for their knowledge, ability or skill set, with no actual plan or intention to continue their employment engagement after task, information or hardwork you seek has been completed by the unsuspecting newly hired individual is unethical.
Facilitating dishonest or unethical practices on behalf of the employer towards employees creating undue hardship on employee is unethical.
Supporting sexual misconduct, racist acts, mean girl clicks and bullying, whether they are acts of covert or overt behaviors of all kinds in the workplace is unethical.
Preferential promotion or transfer favoring a non qualified employee over well qualified person who is next in line with expectation for role no matter the reason is unethical.
Preferential favors resulting in higher pay, advantage, benefits over another with equal or greater qualifications, longevity or when gender is a determining factor is unethical.
Most organizations have a Code of Conduct, mission, vision and values statement published, often if they have 50 or more employees. Human Resources is the gatekeeper along with management team is unethical.
Title 7 Civil Rights and EEOC is stated by employers with 50 or more employees. Human Resources is the gatekeeper along with management team is unethical.

HR managers face three

dilemma in this aspect;

(i)The first dilemma relates to information technology. A firm's need for information particularly about employees while on job may be at odds with the employees privacy.

(ii) The second ethical dilemma relates to whistle blowing.whistle blowing refers to a public disclosure by former or current employees of any illegal,immoral or illegitimate practices involving their employers.

(ii)The third ethical dilemma relates to the aids testing.AIDS has become a public health problem.HR manager face two issues:Whether all the new employees should be subject to AIDS test and what treatment should be melted out to an employee who is affected with the disease,employees with this illness should not be discriminated against and they allowed to perform job for which they are qualified.

Is Marketing incredibly ethical or Failing to do it is inexcusable..???

By Krishna Shah
Posted on:-24/02/2019

Source:-https://www.cleverism.com/social-responsibility-ethics-marketing/

The first type of unethical marketing is rather obvious. When you make claims about a product that are simply not true. This type of marketing is not only unethical but it also leads to broken business relationships and possible lawsuits. Which is why businesses are so sensitive to making sure that their marketing campaigns contain accurate information about their products and services.

Another type of unethical marketing has to do with violating privacy laws by obtaining email addresses illegally and sending unwanted emails to people. Which is why the CanSpam laws were created. So that consumers would be protected from this type of unethical activity.

Then there is emotional exploitation and hysteria creating marketing campaigns that purposely try to create a fear and anxiety in the consumer to purchase products that they neither need nor should be concerned with obtaining. This type of marketing is practiced by bottom feeders that have no concern with ethical marketing practices.

Ethical issue in marketing…

Ethical issues in marketing arise from the conflicts and lack of agreement on particular issues. Parties involved in marketing transactions have a set of expectations about how the business relationships will take shape and how various transactions need to be conducted. Each marketing concept has its own ethical issues, which we will discuss in this chapter.

Emerging Ethical Problems in Market Research

Market research has experienced a resurgence with the widespread use of the Internet and the popularity of social networking. It is easier than ever before for companies to connect directly with customers and collect individual information that goes into a computer database to be matched with other pieces of data collected during unrelated transactions.

The way a company conducts its market research these days can have serious ethical repercussions, affecting the lives of consumers in ways that have yet to be fully understood. Further, companies can be faced with a public backlash if their market research practices are perceived as unethical.

Grouping the Market Audience

Unethical practices in marketing can result in grouping the audience into various segments. Selective marketing may be used to discourage the demand arising from these so-called undesirable market segments or to disenfranchise them totally.

Examples of unethical market exclusion may include the industry attitudes towards the gay, ethnic minority, and plus-size groups.

Ethics in Advertising and Promotion

In the early days of existence of corporations, especially during 1940s and 1950s, tobacco was advertised as a substance that promotes health. Of late, an advertiser who does not meet the ethical standards is considered an offender against morality by the law.

Sexuality is a major point of discussion when ethical issues in advertising content are considered. Violence is also an important ethical issue in advertising, especially where children should not be affected by the content.

Some select types of advertising may strongly offend some groups of people even when they are of strong interest to others. Female hygiene products as well as haemorrhoid and constipation medication are good examples. The advertisements of condoms are important in the interest of AIDS-prevention, but are sometimes seen by some as a method of promoting promiscuity that is undesirable and strongly condemned in various societies.

Pricing Ethics

There are various forms of unethical business practices related to pricing the products and services.

Bid rigging is a type of fraud in which a commercial contract is promised to one party, however, for the sake of appearance several other parties also present a bid.
Predatory pricing is the practice of sale of a product or service at a negligible price, intending to throw competitors out of the market, or to create barriers to entry.

DIAGNOSING THE ETHICAL PROBLEM IN FINANCE

BY KRISHNA SHAH
Posted on 23/02/2019

The author draws on 200 interviews with people from financial institutions in the city of London.

From the book Swimming With Sharks: My Journey into the World of the Bankers.

London bridge photo from hot air balloon. Source: Flickr/Daniel Chapma


Some of the ideas expressed in the interview really fascinated me...

Banker's are not monsters - they are human beings.

It's a fact that nearly everyone cares about ethical issue in their day to day activities but ignore them as soon as they enter into the bank. It's just due to their vision that bank should make as much profit as possible with in law, since otherwise it would be immoral.

Therefore, ethic is dedicated by what the law says. If the bank persist on thinking the same way, it's no wonder that they would be getting such bad press.
It's the consortium that divide the market and use part of their excess profits too maintain their privileges. If this comes to be true then competition policies should be reconsidered.

Finance is an honorable activity, the problem is with the way it has grown and the annoying inducement and conflicts of interest that have been created. This will not improve by itself because no one is going to cut off the branch they are sitting on, as Luyendijk skillfully explains.

The biggest issue, he says, are the perverse incentives. “If you are rewarded for undesirable behavior and punished for good behavior, then you can have all the ethics promises you want but people will act on those temptations.”

For example, he suggests that bankers in line for a bonus should also be in line for a malus, with a large vested interest in their business (i.e., big reward for good results, and punishment for bad results), and feeling personal liability when things go wrong for them.

This is all very familiar, at least to those of us working in the field. We have to realize that there are problems related to ideas, institutions, behavior within organizations and, therefore, the rules of the game, such as incentives, and other factors that directly affect people.

The purpose of abstracting a presumed incompatibility of ethics and finance has been strengthened by the recent crisis that erupted in summer 2007.To attempt to escape from this dilemma,the restoration of relevant  ethical principles would be one of the main conditions required in order to avoid the recurrence of past errors.

Assessment of the financial crisis most often consider that the source of the problem stem from economic and financial imbalances and failures.indeed this kind of explanation is relevant and may be agreed as a proximate cause.

The practical and social implication of ethical behavior based on the principles of seeking the"common good"lead to a professional approach aimed at financial institution as well as at their executive leaders and their employees.