I am sure a lot of us have already read and considered about following a fair amount of work ethics in our organization. Also, there is no denying of the fact that there is nothing too novel about this topic to any corporate or the world. However, it is worth considering how simple ethics could do wonders for any organization and make the life of the people associated with it much better.
Ethics affect an individual’s ability directly to judge what is right and what might be wrong. Any decisions taken inside the organization may be formulated by various groups or by a certain individual, but the people who formulate them will always be influenced by the culture of that organization. However, the final decision to behave ethically is certainly a moral one; the employees must decide for themselves if what they think is the right course of action. This may involve rejecting the path that would most certainly lead to a short-term profit.
Strong Ethical behavior in an organization and a corporate social responsibility can bring major benefits to any organization or institution.
For instance, it may:
- Make employees want to stay in an organization for a longer time, thus, reducing the workforce turnover and therefore displaying a substantial growth in productivity
- Attract good employees from other companies wanting to work for our company, thus reducing the recruitment costs and enabling the company to hire the brightest of the talents.
- Attract more customers towards the organization, which means boosting the sales and profits eventually
- Attract more investors to keep the company’s traction high in the market, thereby protecting the organization from any acquisitions.
For any customer, knowing that the firm they are dealing with have kept their ethics and morals high and have made a promise to work in a responsible manner allows investors’ attain a peace of mind, knowing that their money is being utilized in a way that aligns with their own moral understanding. Customers are also at ease buying products or services from a company they know, which operate their materials and labor in an ethical and responsible way.
When working for a company with strong ethics in business, employees feel comfortable by the knowledge that they are not left by their own actions, allowing any unethical practices to follow.
A company which sets out to work within its own ethical guidelines is also at very less risk of being fined for deprived behavior and less likely to find themselves in breach of one of a large number of laws concerning required behavior.
People without ethics at work are like bodies without a soul. Reputation for any company is one of the most important assets, and one of the most difficult one to rebuild, should it be lost at any point of time. Maintaining the promises it has made is crucial to maintaining that reputation.
Businesses that do not follow any kind of ethical code or carry out their social responsibility leads to wider consequences. A firm’s reputation can be damaged by unethical behavior that makes it less appealing to stakeholders. This means that profits could fall as a result.
The natural world as well can be affected by lack of business ethics.
For instance, an industry that does not bother as to where it disposes its waste or the one who fails to initiate a long-term view while buying a piece of land for its own development, will in the due course negatively affect the world in which we all live, thus it will eventually damage the future prospects of all other industries to come.
However, there are few ways in which we can improve on the way ethics are being followed in an organization and at an individual level. As a strong work ethic instills confidence in the market for investors and in your team, thus allowing you to constantly be at the top of your game! Here are some components that can contribute to a solid work ethic!
Professionalism is one of the most dynamic aspects of a good work ethic. Apart from the things like dressing up appropriately to impress and quoting a decent impression, professionalism above all is to be responsible enough to do your job. Regardless of what you do, be it the boss of a company or as an administrative desk employee, execute your job to the best of your ability is professionalism and also inspire the confidence in others working with you.
The business world is pretty fast paced. In such an uncertain world, where things can change at a moment’s notice, it is good to be seen as a dependable resource. Being the bastion of dependability means that in spite of what’s going on currently, people can trust you with your work because it’s been proven over a due course of time. Attending meetings, Completion of your work on time. You will be appreciated for the stability you provide, even being in an unstable world.
Businesses are tough. Do not shy away from challenges, but embrace them with the zeal of a mountain climber. The initial slog will be hard, but reaching the summit will fill you to the edge with pride and achievement. As an entrepreneur, your foremost purpose is to solve your clients’ issues, and resolutely strive to seek better answers.
Regardless of your age or seniority, some things can be learned from anyone. As Winston Churchill once said: “The greatest lesson in life is to know that even fools are right sometimes.” It is important to show respect to people, whether they may seem to deserve it or not. Even their bad traits can be learned from! Visualize seeing an arrogant manager strutting around the office. Instead of simply berating him, learn from the example that is set by him, a negative attitude simply turns your employees and colleagues against you!
There are times when we screw up things. We all have committed some or the other mistakes most of the times. What separates the good and the bad are the ones who stand up firmly and admit their mistakes. It is the personal responsibility of a human to take account of his actions whether good or bad and are willing to fix up the things that have been messed instead of wasting time on pushing the blame on others or giving lame excuses for the work.