Many Organizations Are Placing Increasing Importance on Values and Ethics

question 75

Essay

Many organizations are placing increasing importance on values and ethics in the workplace. Discuss two reasons why workplace values have become more important in recent years. Your answer should briefly define values and ethics.

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Definitions:

Absolute Worth

The intrinsic or unconditional value of something, not dependent on external factors.

Job Grading Method

A technique used in human resource management to categorize positions within a company based on certain criteria like responsibility and skill levels.

Predetermined Classifications

Pre-established categories used to sort or organize individuals or items based on specific criteria.

External Equity

The concept of ensuring compensation and benefits offered are competitive with those in the external job market to attract and retain talent.