Presentation1 (1) - CONTRACTS
Presentation1 (1) - CONTRACTS
Ethics vs Professionalism
Though the terms professionalism and ethics are used interchangeably by some people, there are a lot of difference
between the two. These terms are widely used in the corporate sector referring to the conduct of employees and
employers. Ethics can be understood as guidelines that are imposed on a particular set of individuals. An ethical code
assists the employee to work transparently within the corporate setting. But the term professionalism is a bit different to
ethics. It is true that maintaining ethics is also considered as one of the features of professionalism, but this is only a
single feature. This article attempts to highlight the difference between ethics and professionalism through an
understanding of the two terms.
Difference Between Strong and Poor Work Ethics
Strong Work Ethic Poor Work Ethic
Persistence Will continue to work on something Will not want to do difficult work and
even if it’s difficult. If they don’t know will avoid asking for help or tips. Will
how to proceed, they ask for leave it to the last minute to
guidance. complete.
Collaboration Understands that the company Doesn’t care about creating an open,
benefits more when employees can collaborative workplace. Will often
display teamwork in the workplace. disrupt group settings with behavior
Strives to contribute as much as that minimizes their colleagues’
possible within a group setting. contributions.
Responsibility Respects the work they are given and Doesn’t take their duties within the
is consistent in completing it. They workplace seriously. Job-related tasks
also take responsibility for any will rarely be their first priority.
mistakes and work to correct them.
Examples Of Ethical Behavior
1. Following Company Rules
Rules are everywhere. There are rules about driving. Rules about conducting business. Unwritten rules about how we
interact with others, and of course, rules from our employer.
When you get hired, you sign a contract, and most likely that contract will state that you must follow company rules. A lot of
those rules cannot be fully enforced however, because the company just doesn’t have the resources.
. After weighing the negative consequences of a decision against your ethical standards, you can move forward with the path
that aligns with your values.
Ethical principles
Ethical principles underpin all professional codes of conduct. Ethical principles may differ depending on the profession
there are some universal ethical principles that apply across all professions,
including:
honesty
trustworthiness
loyalty
respect for others
adherence to the law
doing good and avoiding harm to others
accountability.
Codes of conduct
Techniques for Making Ethical Decisions
When you find yourself stuck in a situation with ethical implications, don’t be alarmed. We recommend using the full Ethical
Decision-Making Framework to guide your decisions, but here are some quick and easy techniques you can use to inform
your approach.
Contractual obligations
When an adviser enters into a contract (or written agreement) with a client this creates legally binding
obligations to perform the terms of the contract in a particular way. This includes a duty to act with diligence,
due care and skill
Other laws
advisers should also be aware of other relevant laws that seek to regulate how service providers must
behave.
Implementation
Most professionals have internally enforced codes of practice that members of the profession must follow to prevent
exploitation of the client and to preserve the integrity and reputation of the profession
What makes a good professional code of ethics?
A good professional code of ethics provides a company's value system, moral standards and legal obligations to
the federal and state government.
Prioritizes readability: As multiple people in a company may read this document, it's important to use actionable language and
concise, clear sentences to increase its overall readability.
Provides a detailed overview: Each section of a professional code of ethics may benefit from a detailed explanation of each
guiding principle. For example, a paragraph about confidentiality may describe why it's important and how an employee can
better adhere to it.
Incorporates leadership support: It's often helpful for a document to show validation from a company's chief executive officer
(CEO) or another leader, as this may encourage people to follow a code of ethics carefully. They may sign the document or
provide a letter beforehand explaining its purpose.
Professional code of ethics examples
Retail company
A retail company's professional code of ethics often prioritizes compliance with certain business regulations and
representing products to the public correctly. This code of ethics may highlight a company's value system, like a
dedication to sustainability practices or protocols for how to address new customers. It can also involve guidelines for
how to promote brands, conduct staff meetings and properly report incidents that a person might encounter on a day-
to-day basis.
Airline company
An airline company may emphasize responsibility in its code of ethics, as people who travel by airplanes may rely on
employees to ensure they reach their destination safely and in a timely manner. It also involves ensuring all passengers receive
equal treatment from staff members and
other customers on an airplane, which often requires a section on inclusivity protocols. Airplane staff members can use this
code of ethics to resolve conflicts effectively and maintain a positive work environment.