Assignment on Business Ethics and Employee Morale
Employees who are happy with their work environment are more productive than those who are dissatisfied, as has been demonstrated time and time again. Unethical workplace practices can produce widespread discontent among employees, leading to a higher sense of unhappiness with both their job and their bosses.
Employees’ capacity to focus on the task they need to complete rises enormously when business ethics are fostered by management and firm executives lead by example. When there are fewer distractions and morale is good, productivity rises, and the firm profits grow.
The Yale Center for Emotional Intelligence’s Zorana Ivcevic and colleagues questioned over 15,000 adults across the United States. Colleagues who worked under emotionally intelligent managers those who read and acknowledged their employees’ emotions, helped them channel their feelings, encouraged excitement, and effectively handled their own emotions—were happier, more creative, and saw more prospects for advancement.
Employee satisfaction may also affect turnover and retention, since dissatisfied employees are more likely to seek out alternative options, regardless of whether their present company offers better salary or perks.
Continuous hiring and training of new personnel can restrict the amount of money a firm can spend on revenue-generating operations, reducing long-term earnings.