Corporate Corruption and the HRM Function: Legal, Ethical, and Moral Perspectives
February 12, 2025
Entrepreneurs need to follow some basic principles which would serve as guidelines and beacons for their success. Based on the research conducted over a period of three years and by interviewing more than 150 entrepreneurs, noted author and management expert, Bill Murphy came out with a book about entrepreneurship which was published by Harvard Business […]
Assessment itself can be defined and interpreted in several ways like financial, educational or even psychological assessment however, for the sake of the current discussion we shall stick to the context of HR and define assessments within it. Assessments are systematic methods of gathering data under standardized conditions and reaching a conclusion regarding the knowledge, […]
To understand the meaning of Human Capital Management let us first find out the meaning of “Capital”. What does the word “Capital” stand for? Capital refers to already produced durable goods which further contribute to the production of goods and services. In simpler words, capital refers to any produced good/service which enables an individual/organization to […]
The Reason why the Military Pioneers Innovations It has often been said that the Military and the Armed Forces in the developed West pioneered many technological and managerial innovations that subsequently helped the corporate sector in those countries. For instance, the Internet was initially a Department of Defense project in the United States that was […]
This is the hardcore fact that the future business performance and revenues and profitability of an organisation no longer depends upon traditional capital management and investment and portfolio management. But the success of any organisation in this constantly changing world of work depends upon human capital management. The companies who understood this fact long before […]
Statistics show that every twenty seconds of every working minute throughout the world, someone dies as a result of industrial accident or poor safety conditions at workplace.
Thousands of employees throughout the world lose their limbs, suffer from temporary or permanent disability or lose their lives due to insufficient arrangements for their health and safety at workplace. Not only workers but their families also suffer the loss all through their lives.
December 1984 witnesses the world’s worst chemical disaster in Bhopal, India, when a methylisocyanate gas leaked from the Union Carbide plant in the city. It killed over 4,000 people and not hundreds but thousands suffered from permanent health damage. The haunting memories of this disaster are still fresh in our minds.
Not only insufficient arrangements of workers’ health and safety at workplace have taken away their lives but these days stress at workplace is also emerging as a major culprit of spoiling employees and their families’ lives.
Every now and then we hear of suicide cases of individuals from the corporate world.
There is no end to these questions.
In today’s fast-paced life and cut-throat competition, employers need to rethink about safety provisions at workplace. It not only refers to the absence of accidents. Rather, the concept expands to both physical and mental safety of the employees. It is possible to show the external injury but what about something that is suffocating the employees from inside?
Providing safety to the employees at workplace has a moral dimension as well. Though it is a legal requirement and fetches monetary compensation in case of failure but it can’t bring back an individual’s life. Eliminating the causes of accidents and counseling employees at workplace play a substantial role in saving the operating costs, increasing productivity and ensuring reliability and dependability from the employees.
Employees are the biggest assets of any organization and few well managed and co-coordinated safety programs can minimize the loss and damage to them as well as to the organization. With basic safety policies and remedies for accidents, the companies should also provide systematic training to industrial employees so that they are able to do their jobs efficiently and safely.
Over a few years, even the mental health of employees, particularly at executive level, has grabbed the attention of the employers.
Mental breakdowns because of stress, tension and work pressure, depression resulting from failure to meet targets and mental illness taking toll from alcoholism and poor human relations have consumed many brilliant young executives. The need is to provide psychiatric counseling, co-operation and consultation.
Development and maintenance of effective human relations can work wonders. Therefore, while making arrangements for physical health and safety at workplace, employers should also take actions to improve mental health of their indispensable resource.
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