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Addressing Data Security Breach at Equifax: HRM Strategies

There is general agreement that ‘organisations’ and their managers should behave ‘ethically’ towards their employees. This applies even to small organisations and employers (see attached 'Trump-like' employer concedes HR operation not 'Rolls-Royce'). Some say managers should behave ethically because it’s the right thing to do, and it has the added benefit of building employee commitment, improving their performance, and thereby contributing to organisational success. Conservative, pro-business advocates, more interested in the bottom line, also argue for ethical behaviour, but on the simple grounds that it is good for business: The business that treats its customers contemptuously, or its staff unjustly, or its suppliers dishonestly, will often find them hard to retain. In a free market, the most productive staff, the finest suppliers and the cheapest and most flexible sources of finance can do better than to stay with a business that cheats or treats them unfairly … In the long run, unethical business is less likely to succeed (Sternberg, 2000:19). It is possible that both views are wrong. Lafer finds it striking [notable] that these two groups 'share this central conviction: that the drive to

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Added on  2023-05-30

About This Document

This report discusses about the incident of data security breach that took place at Equifax and the various options that human resources can use of for addressing the conflict. It discusses about the choice that can be taken in the case of data security breach in relation to professional behaviour. The report makes use of HRM strategies for discussing the issue. It also talks about the importance of ethical and professional behaviour in an organization.

Addressing Data Security Breach at Equifax: HRM Strategies

There is general agreement that ‘organisations’ and their managers should behave ‘ethically’ towards their employees. This applies even to small organisations and employers (see attached 'Trump-like' employer concedes HR operation not 'Rolls-Royce'). Some say managers should behave ethically because it’s the right thing to do, and it has the added benefit of building employee commitment, improving their performance, and thereby contributing to organisational success. Conservative, pro-business advocates, more interested in the bottom line, also argue for ethical behaviour, but on the simple grounds that it is good for business: The business that treats its customers contemptuously, or its staff unjustly, or its suppliers dishonestly, will often find them hard to retain. In a free market, the most productive staff, the finest suppliers and the cheapest and most flexible sources of finance can do better than to stay with a business that cheats or treats them unfairly … In the long run, unethical business is less likely to succeed (Sternberg, 2000:19). It is possible that both views are wrong. Lafer finds it striking [notable] that these two groups 'share this central conviction: that the drive to

   Added on 2023-05-30

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Running head: HUMAN RESOURCE MANAGEMENT
Human Resource Management
Name of the student
Name of the University
Author note
Addressing Data Security Breach at Equifax: HRM Strategies_1
1HUMAN RESOURCE MANAGEMENT
Executive Summary
The primary purpose of this report is to elucidate on the incident of data security breach that
took place at Equifax. It discusses about the various options that human resources can use of
for addressing the conflict. The report discusses that forensic investigation of the computer
system of Equifax can help in dealing with the issue of data breach. The report states that the
investigative measures by the human resources of Equifax that can monitor data usage of that
of the organisation. It discusses about the choice that I would take in the case of data security
breach in relation to professional behaviour.
Addressing Data Security Breach at Equifax: HRM Strategies_2
2HUMAN RESOURCE MANAGEMENT
Table of Contents
Introduction................................................................................................................................3
Description of the situation........................................................................................................3
Ways of addressing conflict.......................................................................................................5
Conclusion..................................................................................................................................9
References:...............................................................................................................................10
Addressing Data Security Breach at Equifax: HRM Strategies_3
3HUMAN RESOURCE MANAGEMENT
Introduction
Human Resource Management (HRM) refers to strategic approach that helps in
effectively managing the workers within an organization. It helps a business in gaining
competitive advantage. It helps in maximising the performance of the employees that helps
an employer in meeting the strategic objectives. Human resources helps in managing the
people in an organization on the basis of the policies and the systems. The department
pertaining to human resources of an organization helps in overseeing the employee-benefit
design, recruitment and the performance appraisal. The human resources deal with that of the
organizational change along with the industrial relations. It helps in balancing the
organizational practices with the requirements that arise from that of the governmental laws.
Business Ethics refer to study of business policies and the practices in relation to issues like
bribery, discrimination and corporate governance. Business ethics helps in providing basic
framework that the business can follow for gaining the public acceptance. Business ethics
helps in ensuring that here exists trust between the consumers and that of the business.
Business ethics helps in reconciling what the companies should do legally that can help them
in maintaining an edge in the market. This report discusses about a business situation that
exhibits unethical behaviour on the part of management of an organization. It also discusses
about the different options that can help a company in resolving conflict. The report makes
use of HRM strategies for discussing the issue. It also talks about the importance of ethical
and professional behaviour in an organization.
Description of the situation
Equifax has been instrumental in disclosing important data about the Americans that
can affect a large part of US population. The company helps in keeping track about financial
affairs of the Americans that can help them in gauging risk that they can face for the
Addressing Data Security Breach at Equifax: HRM Strategies_4

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