Business Ethics in Hrm
Business Ethics
In
Human Resource Management
HRM Ethics :
People learn business management automatically even before knowing what ‘Management’ is- Peter Drucker.
To many people management is synonymous with business management, but business management is only a part of management.
For a better understanding of HRM Ethics, it is essential to know what Management is, what is HRM, what is Business, what is Ethics and what is Business Ethics.
Definition-HRM :
HRM means a process of planning, organizing, directing and controlling of procurement (recruitment & selection), development (training), compensation (salary, wages & other benefits), appraisal (actual performance & potential performance), maintenance (welfare & record-keeping), and separation (retirement, resignation, retrenchment, etc) of employees or personnel or HR of the organization in order to achieve personal, organizational and social goals effectively and efficiently.
In this definition, there are two types of functions for the HR Manager
Managerial functions-planning, organizing, directing and controlling
Operative functions- procurement, development, compensation, appraisal, maintenance and separation
Here, the HR Manager is applying all managerial functions positively in each of the operative functions to maintain equity, equality and justice. In some operative functions (compensation, appraisal, maintenance and separation) s/he has to maintain equity, while in some others (procurement, development, etc) s/he has to maintain equality and individual and social justice. It is also implied that HR (employees) must play their duties to achieve the organizational and social goals effectively and efficiently.
What is Ethics?
Ethics is a set of moral principles or values. Ethics are the principles, norms and standards of conduct governing an individual or group. Ethics is a rational inquiry into how to act and how to lead one’s life.
What is Business Ethics?
Business ethics are
In
Human Resource Management
HRM Ethics :
People learn business management automatically even before knowing what ‘Management’ is- Peter Drucker.
To many people management is synonymous with business management, but business management is only a part of management.
For a better understanding of HRM Ethics, it is essential to know what Management is, what is HRM, what is Business, what is Ethics and what is Business Ethics.
Definition-HRM :
HRM means a process of planning, organizing, directing and controlling of procurement (recruitment & selection), development (training), compensation (salary, wages & other benefits), appraisal (actual performance & potential performance), maintenance (welfare & record-keeping), and separation (retirement, resignation, retrenchment, etc) of employees or personnel or HR of the organization in order to achieve personal, organizational and social goals effectively and efficiently.
In this definition, there are two types of functions for the HR Manager
Managerial functions-planning, organizing, directing and controlling
Operative functions- procurement, development, compensation, appraisal, maintenance and separation
Here, the HR Manager is applying all managerial functions positively in each of the operative functions to maintain equity, equality and justice. In some operative functions (compensation, appraisal, maintenance and separation) s/he has to maintain equity, while in some others (procurement, development, etc) s/he has to maintain equality and individual and social justice. It is also implied that HR (employees) must play their duties to achieve the organizational and social goals effectively and efficiently.
What is Ethics?
Ethics is a set of moral principles or values. Ethics are the principles, norms and standards of conduct governing an individual or group. Ethics is a rational inquiry into how to act and how to lead one’s life.
What is Business Ethics?
Business ethics are