This document discusses business ethics and the importance of ethics in business relationships. It focuses on the ethical obligations between employers and employees. Employers have responsibilities to treat employees fairly, provide a safe work environment, and respect employee rights. Employees have obligations to meet their job responsibilities and comply with company policies. An ethical workplace benefits both employers and employees by promoting cooperation, productivity, and a mutually supportive relationship.

1. BUSINESS ETHICS
 Ethics is a set of rules that define right and wrong
conduct.
 Business ethics can be defined as written and
unwritten codes of principles and values that
govern decisions and actions within a
company.
 In the business world, the organizations culture
sets standards for determining the difference
between good and bad decision making and
behavior.

2. IMPORTANCE OF ETHICS IN
BUSINESS

3. Safeguarding consumers' rights
Improve customers' confidence
Stop business malpractices
Protecting employees and
shareholders
Survival of business

4. Develops good relations
Healthy competition
Consumer satisfaction
Smooth functioning
Creates good image

5. WHAT IS ETHICAL BEHAVIOUR?
 One way of dealing with ethical dilemmas is by
using the four way test to evaluate decisions. This
test involves asking four questions :
1. Is my decision a truthful one?
2. Is my decision fair to everyone affected?
3. Will it build goodwill for the organization?
4. Is the decision beneficial to all parties who have avested
interest in the outcome?

6. COMMUNITY EMPLOYEES
CUSTOMERS SHAREHOLDERS

7. EMPLOYEES
 Employees are the group most responsible for a
company's success, since a business is essentially
nothing more than a collection of individuals gathered
together for a common purpose and with a certain amount
of infrastructure and capital.
 Without employees a business literally could not exist.
 Profitable companies do not spontaneously form out of
piles of equipment, software, and money.

8. ETHICAL OBLIGATIONS OF AN
EMPLOYEE
 Ethics, or moral obligation, guide human
decisions in many arenas, including within the
workplace.
 When an individual is acting as an employee,
there are certain ethical obligations he has
towards his employer that should guide his
decision making and impact his actions.

9. EMPLOYEE RIGHTS IN THE
WORKPLACE
1. Right to be free from discrimination: based on
age, gender, race, national origin, or religion.
2. Employees have a right to privacy in the workplace:
 This right to privacy applies to the employee's personal
possessions, including handbags or briefcases, storage
lockers accessible only by the employee, and private mail
addressed only to employee.
 However, employees have very limited rights to privacy in
their e-mail messages and Internet usage while using the
employer's computer system.

10. FUNDAMENTAL EMPLOYEE
RIGHTS.
 Employees have the right to affiliate with or
become a member of a recognized labor union or
employee organization.
 Employees have the right to work in a safe
environment.
 Employees have the right to file legal complaints
against their employer without being punished
in any way by their employer.

11. RIGHTS AND RESPONSIBILITIES
 Employers expect employees to:
• meet the terms of their contracts;
• co-operate in meeting the objectives of the
business;
• follow health and safety regulations.
 Employees expect to be:
• paid according to their contract;
• provided with a safe working environment;
• appropriately trained;
• permitted to join trade unions or staff associations;
• allowed access to any confidential computer
records kept on them as employees.

12. THE RELATIONSHIP BETWEEN
EMPLOYERS AND EMPLOYEES
 Much of the employer/employee relationship now
consists of them working together. In 1978 in the UK
the Advisory, Conciliation and Arbitration Service
(ACAS) was set up to try and create good and
harmonious working relationships.
 For employer/employee relationships to be successful there
has to be a balance of interests:
 the employer wants to plan for the future of the
business, make profits and keep employees motivated;
 the employee wants the best possible conditions and
living standards.

13.  So if you think you can run your business
without being ethical towards your employees
then you are completely wrong.
 There is a small line between being ethical and
unethical.
 Employers and entrepreneur need to be aware
from the fact that if they would fail to
comprehend the needs of employees or the
society then they are really running a blind race
without weapons.

14. CONCLUSION
 Ethics are important not only in business but in
all aspects of life because it is an essential part of
the foundation on which of a civilized society is
build.
 Companies owe an ethical responsibility to
employees only insofar as the employees
contribute to the success of the company.
 It is not unethical to fire an underperforming
employee.
 It is also important to keep in mind that
changing industry or economic conditions may
force a company to do things (like lay people
off) which hurt employees, but are necessary to
the survival of the business.

15. THANKS