Topic 5 : The Value of Work & Employee

What is concept value of work  ???

Ø  Along with producing goods & services,  providing employment is the most  important social       function of business.
Ø  Work is very important in life and yet it is also viewed as burdensome
Ø  Work can provide :
a)       opportunities for  valuable,
b)      meaningful & uplifting human  activities &
c)       it also can be dehumanizing, degrading & oppressive

 Categories of Workplace Value

•           Agreement to perform to the best of their ability and their behaviour must be in alignment with the companies core values and expected ethical conduct

•          Displaying honest behavior at all times

•          Employees are expected to be accountable for their actions and their assigned        responsibilities.

•          It is important for employees to be team players

•          Employees must not only treat others with respect, but exhibit appropriate behavior in all facets of the job. 

     Human potentials that work can fulfill:

a)       Exercises freedom in making choices

b)      Provides the occasion for developing talents

c)       Creates own society & culture & thereby creates own  identity

d)      An expression of human nature as social beings

Concept of Employees Responsibilities

1) Obey a lawful, reasonable order within the terms of the contract of employment.

2) Cooperate with the employer.

3) Serve faithfully.

Responsibilities of Employees

1) To personally do the work they were hired to do.

2) To avoid putting themselves or other in danger.

3) To be loyal

1) Self interest - Focus on actions or activities that are advantage to individual or organization.

2) Moral obligation - An obligation arising out of consideration of right and wrong.

Conflict of Interest Defined

a) A situation in which a person is in a position to derive personal benefit from actions or decisions made in their capacity.

b) A situation in which a person or organization a person or organization is involved in multiple interests, financial interest or otherwise one of the which could possibly corrupt the individual or organization.

How to manage conflict of interest???

1)Disclosure to the funding agency

2)Monitoring research by an independent reviewer

3)Modification of the research plan

4)Disqualification from participant in the portion of research affected by the financial interests

5)Divestiture of the financial interests 

6)Severance of relationships that create the conflict

7)The institution may notify the external agency that the University unable to manage an actual or potential conflict of interest

Effects of Conflicts of Interest

a)For saver/lender/owners:Conflicts of interest cost saver/lendre/owners financially (one client's loss)

b)For economy: Conflicts of interest reduce the quality of information and increase asymmetric information problems.

- Less funds flow into the financial system due to high uncertainty and risk, and funds are not allocated efficiently.

c)For financial service firms: The exploitation of a conflict interest result in

- Large gaints for some members of the financial firm who exploit the conflicts of interest.

- Reduction in the value of the financial service firm as a whole due to loss of clients.


What is responsbilities for manager?????

Entrusted with a leadership role, a manager is responsible for overseeing a department or group employees within a specific organisation or company. Across every sector, managers contribute to businesses in significant ways, which are reflected in company profits, organisation, and overall workplace morale.

AGENCY VIEW OF EMPLOYEE RESPONSIBILITIES

RECRUITMENT refers to the process of attracting,screeening and slecting a qualified person for a job.

CAREER ADVICE - Provision of support,usually on a one to one or small group basis,whereby individuals are able to understand and interpret career information in their personal situation.

ADMINISTRATIVE DUTIES - Every company regardless of the industry has adminstrative duties that need to be hndled in order for the company to remain organized and run efficiently.