SOCIAL RESPONSIBILITY OF ENTREPRENEURS Flashcards
should center on protecting employee and customer rights, making sure all business operations are fair and just, protecting the common good, and making sure individual values and beliefs of workers are protected.
Ethical decision-making processes
What are the Ethical Issues?
Partners
Gross Negligence
Just Wages
Employee Promotion
Employee Termination
___________ are the price that workers receive for their labor in the form of salaries, bonuses, royalties, commissions, and fringe benefits, like paid vacations, health insurance, and pensions. ________ differ among nations, regions, occupations, and individuals.
Wages
What is Wages?
are the price that workers receive for their labor in the form of salaries, bonuses, royalties, commissions, and fringe benefits, like paid vacations, health insurance, and pensions. It differs among nations, regions, occupations, and individuals.
What are the policy in setting minimum wage rates?
considers the needs of workers
employers’ capacity to pay
requirements for socio-economic development
What are the factors that should be taken into consideration in determining the wage and salary structure of workers? And Explain.
- External market factors: This refers to the supply and demand for labor and so-called economic conditions and underemployment.
- Laws and regulations: Workers must be paid with reference to the laws and regulations of the government. It obliges that employers pay no less than the minimum wage.
- Cost of living: The cost of living relates to essential maintenance needs, and it must be fatally considered in the preparation of wages.
- Existing industry rate: Some alleged that paying workers the average of what other companies are paying for identical jobs results in a fair wage.
- Organizational factors: Evaluation of what nature of the industry the organization operates, the size of the company, and the organization’s profitability to justify its ability to grant fair wages to its workers should be considered.
- Job factors: The kind of job itself entails the formulation of a just wage. Duties, responsibilities, and the skill requirements of the job are the most substantial determinants of a fair wage.
- Individual performances: The trend implies that individual performance or productivity ratings influence the determination of wage/salary increases.
This refers to the supply and demand for labor and so-called economic conditions and underemployment.
External market factors
Workers must be paid with reference to the laws and regulations of the government. It obliges that employers pay no less than the minimum wage
Laws and regulations
This relates to essential maintenance needs, and it must be fatally considered in the preparation of wages.
Cost of living
Some alleged that paying workers the average of what other companies are paying for identical jobs results in a fair wage.
Existing industry rate
Evaluation of what nature of the industry the organization operates, the size of the company, and the organization’s profitability to justify its ability to grant fair wages to its workers should be considered.
Organizational factors
The kind of job itself entails the formulation of a just wage. Duties, responsibilities, and the skill requirements of the job are the most substantial determinants of a fair wage
Job factors
The trend implies that individual performance or productivity ratings influence the determination of wage/salary increases.
Individual performances
A __________ is a national floor level set by the government.
minimum wage
A____________is what workers need to give their families decent standards of living.
living wage
This includes unwanted sexual advances, requests for sexual favors, direct or indirect threats or bribes for sexual activity, sexual innuendos and comments, sexually suggestive jokes, unwelcome touching or brushing against a person, pervasive displays of materials with sexually illicit or graphic content, and attempted or completed sexual assault.
Sexual harassment
How it is considered Sexual Harassment at workplace
unwanted sexual advances
requests for sexual favors
direct or indirect threats or bribes for sexual activity
sexual innuendos and comments
sexually suggestive jokes
unwelcome touching or brushing against a person
pervasive displays of materials with sexually illicit or graphic content
attempted or completed sexual assault.
two (2) forms of sexual harassment
- Quid pro quo
- Hostile work environment
It varies depending on the situation and the people involved. It is not restricted by gender. Anybody, male or female, can be a victim of it
Sexual harassment
Sexual harassment in this form has the intention of unfairly meddling with an employee’s work performance.
Hostile work environment
A ______________ is a move up the organizational ladder.
promotion
two (2) major promotion tracks
based on accomplishment
based on the competition.
This promotions are those scheduled for workers attaining specific, predetermined goals.
Accomplishment promotions
This promotions are those situations where workers within a group are not only teammates working to attain the organization’s goals but also competitors contending for that one slot that comes open on the hierarchy’s next level up.
Competitive promotions
In this situation, the ethics of trying to get the promotion comes into play
Competitive promotions
It is one of the most feared tasks for human resources managers.
Terminating employees
or
Employees Termination
is a prime concern in marketing, and the areas of price, placement, and promotion are no exception.
Ethics
refers to the way in which prices are set for consumers considering the cost of inputs, distribution, and overhead.
Pricing
This involve short- term price discounts or giveaways
Promotions
involves the strategic positioning of products within retail stores
Placement
This can be a major source of ethical pressure in many industries, and artificial price-fixing is illegal in a wide range of countries.
Price collisions
