Ethical Issues in Human Resource Management

Ethical Issues in Human Resource Management – Ethical Marketing and Advertising Practices – Ethics in Supply Chain Management – Ethical issues in Financial Management and Accounting – Business Ethics and Product Development – Ethical Customer Relations and Service – Ethical Issues in Technology and Data Privacy – Ethical Issues in International Business and Globalization.

1. UNIT III Ethical Issues By Dr.M.Devaki Assistant Professor

2. Ethical Issues in Human Resource Management Managing relationships between groups of people is one of the core responsibilities of the corporate function known as human resources. Exploring Ethical Issues in Human Resource Management Exploring Ethical Issues in Human Resource Management Exploring Ethical Issues in Human Resource Management Planning and employee growth. HR's interaction with people makes ethics crucial. Markets prioritizing profits can endanger human capital. Need for norms, standards, and processes to protect human capital. Corporate ethics aim to maximize human resources for profit. Enhanced human resources benefit companies, shareholders, society, and employees. Markets lack intrinsic ethical or unethical nature.

3. Ethical Issues in Human Resource

4. Ethical Marketing and Advertising Practices

5. Principles of Ethical Marketing

6. Ethics in Supply Chain Management Labor Practices Fair Wages - Working Conditions - Child and Forced Labor Environmental Sustainability Resource Management - Pollution Reduction - Sustainable Sourcing Transparency Supply Chain Visibility - Traceability Compliance and Regulations Adherence to Laws - Standards and Certifications Corporate Social Responsibility (CSR) Community Engagement - Stakeholder Involvement Anti-Corruption and Fair Trade Bribery and Corruption - Fair Trade Practices Continuous Improvement Audits and Monitoring - Training and Development

7. Ethical Issues in Financial Management and Accounting Ethical issues are a significant concern for accountants and finance professionals.  Some ethical issues in financial management and accounting include: Integrity Confidentiality Conflict of interest Transparency Competence

8. Integrity means being honest and having strong moral principles. A person with integrity behaves ethically and does the right thing, even behind closed doors.  Integrity Confidentiality Conflict of interest Transparency Competence Integrity

9. Confidentiality Confidentiality is a key ethical and legal principle.

10. Conflict of interest This can arise when buyers or their close family/friends have a direct financial interest in a supplier's organization.

11. Transparency Transparency is a key driver of ethical business culture, and helps ensure that leaders and employees are accountable for their actions. It’s All About Trust Transparency Pays Off in the Medium Term   Transparency Can Be a Rallying Mission   Transparency Can Be Analyzed by Data Science “Transparency” Doesn’t Mean You Have to Disclose Everything; Rather It Means to Be Honest When You Do Disclose Transparent Disclosure Means That It Can Be Easily Understood   Transparency Has No Shortage of Enemies Transparency Isn’t Easy But It’s Do able  Transparency Requires a Lot of Humility (And Courage) Transparency Does Not Prevent Scandals

12. Competence Competence is a principle of professional ethics that auditors must have.

13. BUSINESS ETHICS AND PRODUCT DEVELOPMENT Ethical product managers are responsible for aligning business objectives with ethical principles to create products that benefit society as a whole.

14. Key aspects Ethical Product Design User Safety, Accessibility, Environmental Impact Transparent Marketing Truthful Advertising, Consumer Privacy, Fair Pricing Supply Chain Ethics Labor Practices, Sustainable Sourcing, Supplier Relations Social Responsibility Community Impact, Corporate Social Responsibility (CSR), Stakeholder Engagement Regulatory Compliance Adherence to Laws, Proactive Compliance Innovation and Ethics Balancing Profit and Ethics, Long-term Vision

15. Benefits of Ethical Product Development Brand Loyalty Consumers are more likely to remain loyal to brands they perceive as ethical. Risk Management Reduces the risk of legal issues and scandals that can arise from unethical practices. Competitive Advantage Differentiates the company in a crowded market, appealing to ethically conscious consumers. Employee Satisfaction Attracts and retains employees who want to work for ethically responsible companies.

16. ETHICAL CUSTOMER RELATIONS AND SERVICES Customer relations refers to methodologies. Customer service refers to reactive. The customer service team plays a key role in growing customer relationships, as they are usually the first point of contact for customers. The Ethical Imperative in Customer Relationship Management Privacy and Data Protection Transparency and Honesty Customer Consent and Choice Fair Treatment

17. Building Ethical Customer Relationships To build ethical customer relationships within the framework of CRM, businesses can adopt the following strategies: Ethical Guidelines and Training Data Security Customer Education Ethical Marketing Social Responsibility Initiatives Feedback Mechanisms

18. ETHICAL ISSUES IN TECHNOLOGY AND DATA PRIVACY Ethical issues in technology and data privacy are increasingly critical as technology advances and data becomes more central to our daily lives. Key ethical concerns Data Privacy and Security – Informed Consent, Data Protection Surveillance and Monitoring - Government Surveillance, Workplace Monitoring Algorithmic Bias and Discrimination – Fairness, Transparency Artificial Intelligence and Automation – Accountability, Ethical Design Intellectual Property and Digital Rights - Digital Piracy, Copyright Laws

19. Cont… Social Media and Misinformation – Content Moderation, User Manipulation. Digital Divide and Access to Technology – Inclusivity, Digital Literacy Health Data and Biotechnology - Genetic Privacy, Bioethics Environmental Impact - E-Waste, Sustainable Design Autonomous Systems and Robotics – Safety, Ethical Decision-Making

20. ETHICAL ISSUES IN INTERNATIONAL BUSINESS AND GLOBALIZATION International business  is when an organization carries out its operations, such as manufacturing, selling, marketing, or sourcing from across national borders. International business can also include global governmental and international agencies exchanging physical and intellectual assets.

21. Ethical issues in international business include: Child labor Workplace diversity Working standards Human rights Equal employment opportunity Trust and integrity Environmental preservation

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