Ethics and Values in Business - 1

Ethics and Values in Business - 1

  • Submitted By: rquailo
  • Date Submitted: 06/04/2013 6:37 AM
  • Category: Business
  • Words: 1121
  • Page: 5
  • Views: 183

Is the employment-at-will system a good one? What is the best reason for thinking so?

The Employee At-will system means that an employer can terminate an employee at any time for any reason, except an illegal one, or for no reason without incurring legal liability.  Likewise, an employee is free to leave a job at any time for any or no reason with no adverse legal consequences. I think the employment at- will system is not good because and employer can terminate a hard working employee that can bring productivity to the organization with out a just cause.

What should workers’ wages be compared to in order to determine if they are just?

Wages not only serve as compensation but also as a motivator. Individuals are motivated to work when they know they will be fairly rewarded. Workers’ wages should be determined not just by the position or level of qualification you hold but also on the work that you do and your dedication to the organization. According to Nozick’s Entitlement theory, there needs to be a fair distribution of entitlement. The wages set in a free market economy will see people being rewarded in proportion to their knowledge skills and effort expended. However, in order to decide if workers’ wages are just, they must be compared to a few factors. Wages must be compared to others in the organisation and to others outside with similar job descriptions in order to decide if they are just. This is a comparison of jobs and pay scales. John Boatright says, “However, on this conception of fairness, all workers could be underpaid or overpaid, but the pay would be perceived as fair as long as there was a rough parity of similar jobs and differences in pay that were proportional to the effort and ability required.” In large corporations, human resource personnel along with compensation consultants design payment systems in order to ensure wages are fair and efficient. Smaller companies have a more informal system but it usually follows the patterns set...

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