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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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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