All of us know that when we speak of ethics we’re talking about one’s sense of right and wrong. Business ethics involves learning right and wrong in the context of one’s business dealings in the workplace. The ultimate goal of observing business ethics is developing preferred behaviors in the company. These behaviors result to just and fair actions from the leadership to the employees. Having a moral compass and holding on to a set of values are crucial to one’s business most especially in times of crisis. It is the manager’s main responsibility to make sure that business ethics is observed in their workplace. Here are some practical ways to do that.
Come up with a code of ethics
Give a set of rules to follow in your company. People need to see in black and white the things they should do and should not do. This also sets the tone on what your company values above all else. When your employees have a reference regarding ethical responsibilities and behavior, they will be guided accordingly in their daily business dealings.
Create an ethics committee
This committee consists of senior officers in the organization. This committee will help you oversee the implementation of the code of ethics in place. They’re also responsible for training people on the company’s policies and procedures. They will likewise ensure the resolution of ethical conflicts.
Reward compliance to ethical guidelines
There are certain employees who exhibit moral aptitude in every area of their performance may it be dealing with superiors and co-employees, meeting deadlines, being respectful to customers, arriving early for work, or submitting excellent deliverables. Some also report unethical behaviors and transactions. Reward these kinds of people. Make them your example to everyone that moral uprightness is valued in your company.
Ensure that ethical decisions are made in groups and in public
Transparency is one of the main attributes of an ethical company. People should be able to know the decision process to avoid unfair treatment and biases. Group decisions give an opportunity for more discussion before coming up with a resolution. It opens the floor to diverse opinions and encourages healthy communication within the organization.
Walk your talk
Before you expect your people to observe business ethics, you need to do it first. They should see your moral compass in every business dealings you have. People most effectively learn and follow by example. When they see their leader’s moral aptitude, they won’t question his judgments and decisions because they’re confident that he knows and lives by what is ethical.
When your company observes business ethics, it strengthens your image as an organization. Employees feel safe and secure because they know they’re being treated right and fair. Your clients trust that you will deliver because you gave your word. Overall, it creates a healthy working environment that encourages everyone to do what is right for everybody’s benefit.