Duty 5 – Ethics and Legal Responsibilities NOCTI

Major laws that impact business Fair Labor Standards Act (FLSA) Occupational Safety and Health Act (OSHA) http://www.youtube.com/watch?v=H6wRRWi6i0c&feature=related&safety_mode=t rue&persist_safety_mode=1&safe=active Family Leave and Medical Act (FMLA) Consumer Product and Safety Act FLSA – standards for wages and overtime. OSHA-regulates safety and health conditions. FMLA- requires employers covered by the law must allow an eligible employee 12 weeks leave during a year for one of the following reasons: birth, adoption, foster care placement of a child, caring for family member, medical leave for serious health condition.

Compensation laws Workers’ compensation Unemployment insurance Workers’ compensation requires employers to provide insurance for the death, injury, or illness of employees that result from their work. Unemployment insurance – state-managed program that provides temporary income to individuals who have been laid off from their jobs.

Equal Opportunity in Employment The Civil Rights Act http://ourdocuments.gov/doc.php?flash=true&doc=97 Equal Pay Act http://www.presidency.ucsb.edu/ws/index.php?pid=9267#axzz1pxfKbfrQ Age Discrimination in Employment Act http://www.dol.gov/dol/topic/discrimination/agedisc.htm Immigration Reform and Control Act http://www.uscis.gov/portal/site/uscis/menuitem.5af9bb95919f35e66f614176543f6d1a /?vgnextchannel=b328194d3e88d010VgnVCM10000048f3d6a1RCRD&vgnextoid=04a 295c4f635f010VgnVCM1000000ecd190aRCRD Americans with Disabilities Act http://www.dol.gov/dol/topic/disability/ada.htm

Ethical standards in conducting business Ethics - standards of moral conduct that individuals and groups set for themselves, behavior they value as right or is wrong. Video - Ethics at Work To decide if an action is ethical or not, we have to ask questions such as: Is the action right or wrong, regardless of what the laws state? Ethical conduct goes beyond state and federal laws.

Ethics continued… Business Ethics Code of Ethics Social Responsibility A collection of principles and rules that define right and wrong conduct for an organization. Code of Ethics A formal, published collection of values and rules that reflect the firm’s philosophy and goals. Social Responsibility It is the duty of a business to contribute to the well-being of society. Video Ethics and Social Responsibility in Business Not all firms have the same rules of ethical conduct. Notions of right and wrong vary from anager to manger, business to business. Social responsibility –businesses have a obligation to the communities in which they operate because the depend on society for resources, opportunities and rights.