Ethics

In: Social Issues

Submitted By jorgemendez
Words 546
Pages 3
Jorge Mendez
Mr. Levine
Buss-140
12/15/13

Business ethics in the workplace
This happened in one of my first jobs here at San Diego, It was payday, but instead of my usual envelope containing my paycheck, I’ll receive an email saying: "Dear employee," it reads. "Looking for your paycheck? Afraid we've changed our payment terms. You'll be being paid every 4 weeks from now on. Hope you don't mind. If you do, of course, we can always find someone else to do your job." The first things that cross my mind were “but what about my rent? And the trolley pass? Cell phone bill, Internet and more debts that I have”. How will these monthly bills be paid if you suddenly don't get paid? Luckily for me I have my dad that helps now and then when ever I struggle with money but for my coworkers who have a family that depend on their pay check and who are specifically waiting for that pay day to come so they can buy groceries or pay bills. With those types of changes one family financial situation gets totally unbalance and it can really hurt their financial stability. This situation is likely to happen in small business like the one I was working for, due to customers paying late or long payment terms or else changing their payment terms. It may not seem such a big issue but is a problem that affects families and lives of many Americans. According to United States Federation of Small Businesses during the 2008 recession it is estimated that 4,000 businesses failed as a direct result of late payments. Late payments with noticed or not is very unethical is an abuse of power and gives an essence of unethical behavior.
The base of any ethical principle is trust, trust come from honestly, mutual benefit and fairness, this helps the employer to feel comfortable and be loyal to the business but when business owners start paying late this trust is easily broken. And reflects the low…...

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