ethical and unethical issues in human resource managment,marketing managment,finance managment

- September 02, 2020

HUMAN RESOURCE MANAGMENT

Human resource management(HRM) is also a strategic and comprehensive approach to managing people and the workplace culture and environment. Done well, it enables employees to contribute effectively and pr oductively to the overall company direction and the accomplishment of the organization's goals and objectives.

Human resource management is the organizational function that manages all issues related to the people in an organization. That includes but is not limited to compensation, recruitment and hiring, organization development, safety, wellness, benefits, employee motivation, communication, policy administration, and training.In this pandamic situation the human resource managment is going on in virtual mode in all the companies like online interivews and all

Ethical and Unethical issues in Human Resource Management.

1. Employment Issues:

Major Challenges are in the areas of hiring employees.

To deal with pressure of hiring a relative or friend.
False information in the case of employee qualification.
Finding out that the employee who is skilled lied about educational qualification.

2. Cash and incentive plans

Major issues include basic salaries and incentives.

HR manager has to choose between higher level of basic salaries and higher level of percentage increase in salaries to attract employees towards the organisation.
Sometimes executives with special privilege and rights in the organisation, suppose a CEO of a company which is not doing well in the market buys Mercedes which results in an unethical burden which falls on the HR managers
3. Working Condition:

Issues related to working environment of the organisation.
- HRM must ensure the safety standard and procedures before deploying employees in the organisation.
- Employees has right to demand a workplace which is free of sexual abuse and discrimination and also a proper entrance for disabled employees so that they can enter and exit the building comfortably.
4. Safety and Health:

Issues related to industrial workplace.
- Sometimes industrial work is hazardous to the health of the employees.
- Certain safety standards has to be maintained in the industry for the employees, which will eventually result in decrease in the expenses in the areas of health insurance.
5. Abusive Behavior:
Some employees gets offended by the manager ,some fellow worker,or stress due to work load he/she gets in 889+abusive conversation with others due to pressure .HR manger should control such kind behaviour of the employee which should not affect other employees.

6. Employee theft:

It was founded that some of the employees working in the company were stealing and were caught .This kind of behaviour and actions of employees are very serious and harmful for the organisation.
7. Breaching Company Internet Policy:

According to some researchers they have founded that huge amount of money is wasted on unwanted internet surfing. Due this money and company time both are wasted . HR managers should look up to their employees that where the are spending companies resources.

MARKETING MANAGMENT

Marketing managment is the organizational discipline which focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organizations and on the management of a firm's marketing resources and activities.

Marketing involves the process of promoting and selling the products or services of a organisation, some of the basic practice in this field is advertising, branding and market research.In this pandamic covid 19 the marketing managment become challenge to everyone.

ETHICAL ISSUES IN MARKETING:

Ethics in marketing refers to moral guidelines and principles that every organisation should follow. Every company has a particular marketing policies to guide their pricing advertising,research,and various other provisional and competitive strategies.

Deceptive marketing policies.
Adequate market research.
Current market research.
Ethics marketing and promotion.
various delivery channels.
Current market condition.
UNETHICAL ISSUES IN MARKETING:

Misleading advertisement with false claims that supports their product.
Emotional exploitation.
contacting people without having their knowledge.
false promises for the products in sake of profits at large scale.
misinterpretation of services.

FINANCE MANAGMENT

Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterpriseIn this pandamic covid 19 the finace managment becomes loss because of no import and export of goods .

The functions of finance department typically include planning, organizing, auditing, accounting and controlling the finance of the company.

This department manages the money of the organisation and also produces the company's financial statement.

Ethical issues in Finance:

1. Accuracy:

The financial mangers of the company have the duty to check all the financial publications are accurate and fairly reflect the financial conditions of the company.Managers are responsible for any kind of frauds or errors in accounting.Managers are bound to follow certain ethical standards for all the transactions to be recorded carefully.

2.Honesty:

Managers should not be bias and should not allow conflicts of interests, without disclosing any personal data of the customers. Shareholders, customers, employees,stakeholders should trust their managers.

3. Transparency:
It generally means means explaining financial information clearly.Managers should not hide any kind of information regarding financial statements of the company .Every company has to submit financial reports every year to ensure that every transactions are done ethically.

Unethical issues in Finance: