Traditional Ethical Treatment Of Employees - 1731 Words

The focus of modern economics has placed an increased emphasis on how companies treat employees. This emphasis has been especially notable in the Omaha metropolitan area as firms have taken to utilizing reduction in force procedures in effort to reduce operating costs thereby increasing profits. While reduction in force proceedings have a grave effect on local economies, there are other situations where employee terminations are contemplated as means of discipline for noncompliant workers. What is truly unfortunate is that employee termination is often an early consideration for both economic hardships and employee disciplinary actions when other alternatives may be available. This commentary is often driven by the stockholder theory†¦show more content†¦While these religions have differing faith-based beliefs, all respect the need of human dignity which is achieved, in part, through human work. To understand how each faith approaches the ethical treatment of employees, there must first be an understanding of the secular approach to this topic. SECULAR APPROACH TO EMPLOYEE TREATMENT AND ETHICS The traditional approach to the ethical treatment of employees, including employee terminations, is often considered from nonreligious viewpoints due to the wide array of opinions which may result from considering faith. There are two primary sources of information when determining the ethical ramifications of decisions impacting employees. The first is laws and regulations stemming from the federal, state and other local governments. The second is the theories of firm management, which includes stockholder theory and stakeholder theory. An examination of these sources is important as each provides a baseline for determining whether a decision impacting employees is first legal and second ethical. While it is important to note that not all laws and regulations may be deemed ethical, the laws governing employment have been developed through careful consideration and evaluation in an effort to mitigate any unethical nature present in their existence. Laws and Regulations. While originating from a variety of sources, the largest