Phillips Financial Services Workplace Bullying Program

This report analyzes the workplace bullying prevention program for Phillips Financial Services, addressing issues of workplace culture, employee morale, and ethical conduct within the financial industry. The analysis considers the impact of a diverse workforce and the need for a strong organizational structure to combat bullying. The report highlights the importance of implementing a Workplace Bullying Prevention Program, as well as the need for HR policies and procedures, a focus on diversity, and the promotion of ethical behavior. The report also discusses the financial implications of workplace bullying, including the costs associated with decreased productivity and employee turnover. It also proposes a proactive approach to fostering a healthy and respectful work environment.

Introduction – Organisation Analysis
 Phillips Financial Services has grown 50 percent in its workforce strength within
the last six months.
 Lack of cultural awareness of the staffs leading to conflict in the organization
 Employees are unable to understand the culture of the other workers coming from
a diverse background
 hostile environment within the organization - employees are experiencing stress,
and are being bullied leading to a low morale among the employees.
 Absence of Board of Directors is making it difficult to set a guidance and instil an
accountability within the organization

Introduction – Industry Analysis
 Finance industry of Australia is embroiled in controversy and scandals
 Fall in the Australian Ethics Index by 6 points since 2017, due to steep fall in the
ethics index of finance sector
 Public is losing its trust in financial institutions and majority of the firms are
being perceived as unethical
 Discrepancy with regards to the salaries of CEOs, bribery and corruption issues
and executive bonuses.
 Problem in the culture and motivation of the employees inducing them to
indulge in unethical practices
 Proposal to address an appropriate organizational structure for Phillips Financial
Services and explore the apt leadership style facilitating a healthy workplace
culture
 Formulate a ‘Workplace Bullying Prevention Program’ which would emphasize
upon multiculturalism

References
 Pash, C. (2018). The reputation of Australia's financial industry has collapsed,
and now ranks last in a major survey. [online] Business Insider Australia.
Available at: https://www.businessinsider.com.au/ethics-trust-governance-
institute-australia-2018-8 [Accessed 1 Jun. 2019].