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“Ethics training programs are designed to help everyone understand where the line is drawn between acceptable and unacceptable workplace behavior.”
Nowadays consumers have become more aware of ethical business practices than before. Because they can easily access information about businesses and the way they perform business. Consumers are immensely conscious of this information and they decide to invest their money accordingly. Because of this easy access to information, individuals have become very conscious of ethical businesses and their impact. Staying away from unethical business practices not only helps to develop a good reputation but also keeps the business safe from lawsuits or litigation.
Unethical business practices and money scandals can result in a huge loss in profit leading to a decrease in employee motivation and ultimately bankruptcy. Fulfilling and maintaining productivity and quality can develop a suitable reputation and keep a healthy code of ethics for the business. For all these reasons ethics training programs are essential for a successful business.
Ethics and the code of conduct are the backbone of the best working environment that will produce hard-working, dedicated employees. The Ethics and Code of Conduct course from EdApp will allow you to efficiently make your employees aware of the company’s values, the way you expect them to treat each other, the principles the company operates by, and other ethical conduct that they are expected to perform. Code of conduct and code of ethics is a bit different and this course which also focuses on diversity and inclusion training will go through both so employees can understand the differences and importance of each.
Bribery and corruption are two words, as a manager or leader, you never want anyone in your company to be accused of. Have your team members and yourself go through the Anti-Bribery and Anti-Corruption Policy course from EdApp that will educate you on how to ensure your team is always operating legitimately. The anti-bribery and anti-corruption policy course defines bribery and corruption so your team will know what behavior is unacceptable, especially since there are so many different types of corruption such as collusion, extortion, embezzlement, insider trading, and more. The course does well to inform us that our anti-bribery and anti-corruption policies should start at the door. Assessing the risk of bribery and corruption before even making a hire is key in minimizing the risk of these types of things happening in the future.
What are Ethics?
First off, before we dig into how to develop an effective ethics training program, we must understand what ethics actually are. Ethics are defined as moral principles that govern an individual’s behavior or the way they carry out an activity. A work environment considered ethical has well-defined codes of personal and professional conduct in place. These codes not only ensure the company is operating within the confines of the law, following various rules and regulations closely, but are also cognizant of employee comfort and safety.
Why is Ethics Training important to your company?
Are the concepts of honesty, respect, integrity, diversity, and fairness present within your organization? Does your business cut corners to get tasks done, rather than carrying them out in a manner that is most beneficial to customers? Are employees treated in a manner that could make them feel uncomfortable or unsafe? If you answered yes to either of these questions, your company can one day implode, experiencing high turn-over and eventually failing to reach its goals.
Ethics training for employees is vital to ensure the most successful working environment. Businesses that engage in unethical behavior will realize quickly that these practices are bad for business. Such companies risk incurring millions of dollars in fines, in addition to losing customers and lowering the value of the company. More than 50% of the largest bankruptcies in the corporate world have occurred due to unethical practices.
Carrying out an ethics training program is also vital for the purpose of establishing what personal behavior is acceptable. Is harassing or bullying taking place in your company? Are conflicts being resolved in a productive manner? Are employees conducting themselves as professionally as possible? Ethics training for employees is key to quell bad habits or conduct before they fester into more severe situations, affecting morale and motivation.