Running head: THINKING ETHICALLY
AB203: Human Resources Management
Ethical behavior in the financial world is critical to a company’s survival. HR management plays an important role in making sure that employees at all levels act in an ethical manner. A few ways that this can be achieved is by using mentoring programs and developing ethical training that is specific to the employee’s jobs.
The most important way for a senior executive to impress business ethics is to teach by example. One way this can be achieved is by mentoring an employee. A mentor is an experienced, productive senior employee who helps develop a less experienced employee, called the protégé efforts. Mentoring relationships can develop as part of the organizations planned efforts to bring together successful senior employees with less experience employees (Noe, Hollenbeck, Gerhart, & Wright, 2009 p. 260). Through this mentoring relationship the less experienced employee will be shown how to handle certain situations. When leading by example the mentor will be able to conduct business as usual while impressing upon the employee the importance of ethics in business today. Another way that mentors can coach junior employees is by rewarding ethical behavior within the company. Promoting employees that have high ethical standards can build a strong ethical leadership team. Benefits of being a protégé includes, receive career support, including coaching, protection, sponsorship, challenging, assignments, and visibility among the organization’s managers (Noe, Hollenbeck, Gerhart, & Wright, 2009 p. 260).
Having high ranking executives such as a CFO place high priority on ethical behavior helps lower ranking employees meet those standards as well. A CFO takes on many responsibilities for his/her company. As the CFO it is their job to ensure that a company is abiding by all statutory and...