Professional Documents
Culture Documents
Integrate Personal Objectives With Organizational Goals
Integrate Personal Objectives With Organizational Goals
PRACTICING CAREER
PROFESSIONALISM
Your company’s values define what it believes in and the commitments that drive
it. Many companies reference their values in their sexual harassment policies,
which can help keep core values fresh in employees’ minds.
Why Do Professional
Organizations Have a Code of
Ethics?
Improve Business Relationships
A code of ethics can help companies improve business relationships. Ethical
values are often designed to provide guidance when working with other
companies and the general public. These values dictate how businesses handle
contract negotiations, customer questions and feedback or negative business
situations.
Prohibit Inappropriate Behavior
Many companies use a code of ethics to prohibit inappropriate employee
behavior. Inappropriate behavior can include lying to managers or clients,
engaging in fraud or embezzlement, failing to meet specific operational
standards or other similar conduct. A code of ethics can help employees
understand why these actions are inappropriate and the reasons companies
expect better behavioral performance. Companies may also limit their legal
liability from poor employee performance by using a code of ethics.
A Code of Ethics in the Work Place
What Is a Code of Ethics?
•A code of ethics sets out an organization's ethical guidelines and best practices
to follow for honesty, integrity, and professionalism.
•For members of an organization, violating the code of ethics can result in
sanctions including termination.
•In some industries, including banking and finance, specific laws govern
business conduct. In others, a code of ethics may be voluntarily adopted.
•The main types of codes of ethics include a compliance-based code of ethics, a
value-based code of ethics, and a code of ethics among professionals.
•A focus on climate change has become an integral part of companies' codes of
ethics, detailing their commitment to sustainability.
Understanding Codes of Ethics
Business ethics refers to how ethical principles guide a business's operations.
Common issues that fall under the umbrella of business ethics include
employer-employee relations, discrimination, environmental issues, bribery,
insider trading, and social responsibility.
Types of Codes of Ethics
A code of ethics can take a variety of forms, but the general goal is to ensure
that a business and its employees are following state and federal laws,
conducting themselves with an ideal that can be exemplary, and ensuring
that the business being conducted is beneficial for all stakeholders. The
following are three types of codes of ethics found in business.
Compliance-Based Code of Ethics
For all businesses, laws regulate issues such as hiring and safety standards.
Compliance-based codes of ethics not only set guidelines for conduct but
also determine penalties for violations.
The Philippine work ethic emphasizes the importance of quality and efficiency.
Filipino employees strive to finish tasks assigned to them on time and with as
little errors as possible. Also, the desire to learn and improve skills is present in
most Philippine work environments.
The quality-oriented approach to work and the eagerness to learn new trades
make Filipino employees a great fit for any business. Employers will have the
peace of mind that the work being done is not subpar and will be submitted
within the designated time.
CODE OF ETHICS
[REPUBLIC ACT NO. 6713] AN ACT ESTABLISHING A CODE OF CONDUCT AND ETHICAL
STANDARDS FOR PUBLIC OFFICIALS AND EMPLOYEES, TO UPHOLD THE TIME-HONORED
PRINCIPLE OF PUBLIC OFFICE BEING A PUBLIC TRUST, GRANTING INCENTIVES AND
REWARDS FOR EXEMPLARY SERVICE, ENUMERATING PROHIBITED ACTS AND
TRANSACTIONS AND PROVIDING PENALTIES FOR VIOLATIONS THEREOF AND FOR OTHER
PURPOSES