What Ethical Issues Businesses Are Facing?

There are various forms of ethical issues that businesses are facing in various countries. The best solicitors Stockport are giving their services in resolving such issues. Ethical issues vary from country to country. It is normally said that businesses are blind to any ethical issue. Every act that produces a maximum profit for a company is ethical for them. But this is not the case. Businesses do such unethical practices. These practices cannot be practiced in the long run because once these become norms of business then it would be hard to remove those unethical practices. It is the duty of communities and civil societies to point out all the issues that are related to business practices which are observed as unethical.

Tax evasion 

Most of the businesses do have big legal teams that have only one purpose. They just find any loophole in the legal system to evade the tax that is liable over the companies to pay to the government. Eventually, that tax money is used for public purposes. If companies evade taxes, these indirectly do not support the areas where they are operating. That should not be the top priority of honest businesses that are not just working for profit earning.

Corporate Social Responsibility

It is a big phenomenon. It is said that every business where it works does share some burden to bring social change in those areas, at least. It is the social responsibility of businesses to cooperate with local authorities to help out for minor works that can help the local community. For example, the installation of a water filtration plant in the area where a company resides is a kind of CSR of the company.

Minimum wage issue

Those companies which only focus on profit earning. They try to manipulate the employees by offering lower wages than the market rate because the employee market is always saturated and there is always a person available to replace someone who is working.

Employee insurance issue

Companies must have insurance for all its employees. It is because if there is some incident in the workplace which costs loss to the employee or even loss of life of an employee then insurance companies can compensate to the agreed contract to heirs of the employee. That is an ethical issue that most companies are facing and companies are reluctant to pay for insurance of their employees.

Employee health issue

It is in a debate that employers should pay for all medical expenses of their employees. It is also in the debate that employers need to pay for all medical expenses of their employees’ dependents. It is because employees are working day and night to make growth in the company of their employers. If there is some life-threatening health issue, now the employer must bear the cost of it.

Working conditions issue

It is not debatable that working condition issues should be solved. It should be a punishable crime if the employer does not provide adequate safety measures in the working place of the employees.