social responsibility business ethics
DESCRIPTION
Business EthicsTRANSCRIPT
SOCIAL RESPONSIBILITY AND BUSINESS ETHICS
1
HUMAN RESOURCES:
Chapter Objectives2
Describe changing attitudes toward social responsibility and business ethics.
Describe concept of corporate social responsibility. Explain attempts at legislating social responsibility. Explain what is meant by stakeholder analysis and
the social contract. Understand the model of ethics and describe human
resource ethics. Understand the importance of a code of ethics and
describe ethics and the HR manager.
Changing Attitudes Toward Social Responsibility and Business Ethics
3
It includes…….
Foundations
Religious organizations
Community Development
(Source: Social Investment Forum)
Changing Attitudes Toward Social Responsibility and Business Ethics4
To meet society’s expectations, managers will need to be more socially responsible.
Most of 500 largest U.S. corporations now have a code of ethics.
Corporate Social Responsibility (CSR)5
Defined
The implied, enforced, or felt obligation of managers, acting in their official capacity, to serve or protect the interests of groups other than themselves.
Simple Terms:Simple Terms:
How a company behaves towards societyHow a company behaves towards society
Corporate Social Responsibility
6
What is Rule 14?
When in doubt, do what’s right!
Corporate Social Responsibility
7
Companies leading the charge
Patagonia(1% of net sales for socially and environmentally initiatives)
Norm ThompsonKeen Footwear
Timberland FootwearNike
Legislating Ethics and Social Responsibility
8
Procurement Integrity Act of 1988 --passed after reports of military contracts for $500 toilet seats
Federal Sentencing Guidelines for Organizations (FSGO) --softer punishments for companies that have an ethic program in place
Stakeholder Analysis and the Social Contract
Worker Adjustment and Retraining Notification Act of 1988
--firms employing 100 or more to give 60 -days notice when a plant is closing or layoffs off affecting 50 or more 90 days notice
9
Legislating Ethics and Social Responsibility (Continued)
10
Corporate and Auditing Accountability, Responsibility and Transparency Act --known as Sarbanes Oxley Act, primary focus is to redress accounting and financial reporting abuses in light of recent corporate scandals--provides a whistle-blower protection
Legislating Ethics and Social Responsibility
11
What is new in corporations: 90% have written ethics program Hired an Ethics Officer
--Collaborate with Management--Implement strategies to reinforce conduct--Work with employees across all levels to
determine the right course of action Holding professionals accountable
The Social Contract13
The Organization
Individuals
Other Organizations
Government
Society
Social Audit
Systematic assessment of a
company’s activities in terms of its
social impact
17
Social Audit Three Types
Inventory of activities--Minority employment and training
Compilation of social expenditures--Corporate giving's
Social Impact--Involvement in selected communities
18
Ethics19
What is Ethics?
--Discipline of dealing with what is good and bad, or right and wrong, or with moral duty and obligation
Sources of Ethical Guidance
--a number of sources to determine what is right or wrong, good or bad, moral or immoral
A MODEL OF ETHICS21
Type I Ethics Type II Ethics
Sources of ethical
guidance
Our beliefs about what is right or wrong
Our actionsLead to Determine
Human Resource Ethics22
The application of ethical principles to human resource relationships and activities
A Code of Ethics --establishes the rules by which the organizations lives
Ethics and HR Manager25
The Role Restore trust in the organization Help instill ethical practices in cultural
SHRM Code of Ethics
As HR professionals, we are responsible for adding value to the organizations we serve and
contributing to the ethical success of those organizations
Ethics and HR Manager27
What Can HR Do?
28
2 areas where HR can have a major
impact on ethics
Two Areas Impact on Corporate Ethics
Corporate Governance Executive Compensation
Ethics and HR Management
Ethics Case Study31
Read HRM Incident 1: An Ethical Flaw
Discuss and answer questions related to case study