Question
TOPIC: Ethics in Financial Service. Looking at the analysis of unethical labor practices by Walmart The Walmart corporation tends to violate labor rights in many
TOPIC: Ethics in Financial Service.
Looking at the analysis of unethical labor practices by Walmart
The Walmart corporation tends to violate labor rights in many ways, for instance, the organization forces employees in other countries to work for low income and sometimes to work for less than 30% the country's minimum wage.Also, the organization pays low wages and salaries to its employee, and it does not provide them with adequate health benefits.
As a result of recent developments and growth of domestic and foreign realms outsourcing and offshoring overseas, Walmart corporation has taken advantage of cheap labor cost in its outsourcing and offshore manufacturing activities. In this regard, Walmart corporation has continually pursued its low labor cost strategy, thus violating employee's rights (Mariani, 2019). Also, Walmart corporation tends to use child and prison labor in its manufacturing process to boost its profits
Besides, the corporation does not provide employees with a safe and conducive working environment. Instead, the work environment is very pathetic and hostile for the employees. As a result of this, malpractice workers have been forced to search for better jobs in other organizations (Mariani, 2019). The Walmart Stores Inc has received several criticisms from various agencies and labor unions for providing its workers with low wages and unsafe work environments
The actions of the company were unethical because the corporation violated labor rights in several ways by paying employees low wages and by not providing them with adequate health benefits. Besides, the organization doesn't offer its employees with sound, safe and conducive working environment.
To promote ethical behavior, integrity and equity in its offshore manufacturing practices, Walmart has committed itself towards promoting the dignity of all its employees across all its supply chain outlets and warehouse stores in the world (Pierce & Velliaris, 2019). Through its collaboration efforts, the organization has been able to address various unethical behaviors such as low wage payment, unsafe working environment and also promote the dignity of all its employees across all its chains store across the world.
the following question are to be done;
a.Formulate possible courses of action and evaluate the strengths and weaknesses of those action?
b.Indicate which course of action would you choose, and why, provide your own opinions."Use the facts/sources to convince your ethical
point of view"?
Link - Koca-Helvaci, Zeynep Cihan. "Walmart and its employee relations: organizational stance-taking and legitimacy."On the Horizon23.4 (2015): 374-386.
- Mariani, R. (2019).UNCONSCIOUS BIAS. Human Resources Management Issues, Challenges and Trends:" Now and Around the Corner", 201.
- Mboga, J. (2017). A CRITICAL ANALYSIS OF ETHICAL OUTSOURCING USING COMPARATIVE CASE EXAMINATION AND ELICITING CONSUMER MILLENNIALS PERSPECTIVES.European Journal of Economic and Financial Research.
- Nygaard, Arne, et al. "Leading by example: Values-based strategy to instil ethical conduct." Journal of Business Ethics 145.1 (2017): 133-139.
- Pierce, J. M., & Velliaris, D. M. (2019). Sustainable Supply Chains: Ethical Challenges and Actions for Best Practice. InEmerging Applications in Supply Chains for Sustainable Business Development(pp. 115-129). IGI Global.
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